Hernán Letcher explained on his Twitter account what the BCRA measure that regulates banks’ dollar position consists of. According to him, the statement is an operation that seeks to confuse and generate uncertainty. “The global net position of banks in foreign currency can be regulated (limited or more flexible, whichever is decided), without affecting the dollars that back the deposits”, he said, and continued: “The regulations, which have been in force for more than 20 years, require that deposits in dollars be backed by assets in dollars. Financial institutions also currently have record liquidity in dollars and pesos.”
The former president of the Central Bank, Martín Redrado, assured that “there is no reason for a corralito”, because “the Argentine dollars are there.”
In addition, he explained that: “The Central Bank has had very specific regulations since 2003 that make the deposits in dollars that Argentines have in the banks of our country are absolutely backed by loans to companies that generate dollars. And what is not lent to those companies must be embedded in the coffers of the banks “and of the monetary authority.
Christian Buteler, for his part, said: “Many speak of the corralito because of ignorance and fear of what they experienced in Argentina at other times, it is understood. But there are many others who are from the system, they know that the dollars are there and they do it to generate chaos.”
“Corridas were the same as before. There was no WhatsApp, much less Twitter. It was 2001 and Argentina was going through another crisis, one of the most serious, debt problems, years of recession, political weakness and a convertibility that was exhausted,” he added .
Martín Tetaz, elected national deputy of Juntos, published that “the liquidity of the system in the dollar segment is the highest in the world (86%) and the BCRA regulation is not on deposits.” While he considered that the fake news was a “stupid” and an “operetta”.
The BCRA also explained that the chain has no support. “The decisions made by the Central Bank last week regarding the exchange position of financial entities have no effect on dollar deposits in the system or on the assets that back them. All foreign currency deposits have assets. in the same currency that back them, “they reported.
Source From: Ambito
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