The new measure allows banks to lend up to 15% of their foreign currency deposits, expanding the available margin to finance the private sector.
The Minister of Economy, Luis "Toto" Caputo, emphasized that the goal of the measure is to deepen the growth of financing.
“Today we believe it is the timing appropriate because on one hand, interest rates in pesos are still high, and those high rates make it more difficult for many businesses to be profitable, and it is also important regarding the Fiscal Innocence Law. The goal is to have greater credit,” he stated.
Caputo also highlighted the expected impact on economic activity: “We believe it is a measure that benefits everyone, that will generate greater credit, a decrease in interest rates, more employment, and will help reactivate the economy.”
Thus, the growth of foreign currency loans has become one of the main indicators of financing expansion during the Milei era, accompanied by a strong increase in dollar deposits and new measures aimed at boosting economic growth.
