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The government of Argentina has allowed companies that do not generate export revenues to take out loans in dollars. The goal is to take advantage of funds in United States currency that have recently flowed into the banking system, mainly as a result of government measures encouraging Argentines to bring their stashed dollar savings into the formal economy. To make that possible, President Javier...
Government loosens dollar lending rules, raising echoes of 2001 crisis | Huntaegis