Argentina export reserves falling

Posted on December 26, 2011 • Filed under: Argentina, Economy

The run that detract from the banks in a month and a half 19.4% of private deposits in foreign currency held under management is about to be overcome. What had become a stampede in the second week of November, when amid all kinds of rumors left banks at U.S. $ 210 million / day, was transformed with the passing of the weeks in a nearly balances movement normal. It happens that while withdrawals continued, not only decreased to $ 11.4 million / day (one third of the average seen in the previous week) but even appear timid signs of recovery in the total stock of these placements. Read Article

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