Bloomberg: Argentine banks tap repo market amid peso demand

Argentina’s president Javier Milei wants Argentines to use more dollars. But for the first time in years, his countrymen are clamoring for pesos, reports Bloomberg.

A surge in demand for the local currency in recent months has left commercial banks needing access to pesos, leading Argentina’s central bank to revive a liquidity window that hasn’t been tapped since the 2018 financial crisis.

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