TOPIC: Tools » Institutions » National » Argentina » Dom. Policies » Economy » Monetary Policies
Category
articles
Date
2012-03-31
Actor
The Economist
Source
The Economist
Uploaded date
2013-01-29
Uploaded by

Piggy Bank

"... the bank has lost the last shred of its legal independence and become the piggy bank of President Cristina Fernández's government. It can now be required to transfer to the treasury cash equal to 20% of government revenues plus 12% of the money supply; to use its reserves (of $47 billion) at will to pay government debts; and to play a more active role in regulating banks and in steering credit to favoured industries." (Quoted from article)

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