Argentina dollar deposits hit record USD 42bn; BCRA pushes bimonetary credit

Private-sector dollar deposits in Argentina reached a record ~USD 42 billion, rising USD 1.014 billion in September, while foreign-currency loans exceeded USD 25.3 billion. The central bank (BCRA) is promoting a bimonetary credit scheme, signaling deepening financial dollarization and a shift in credit dynamics. This record deposit growth suggests sustained demand for dollar assets amid peso depreciation concerns, though the bimonetary scheme's implementation and impact remain uncertain.