Central Bank restricts dollar holdings of US Banks | World Business Watch

In Argentina, the Central Bank has restricted dollar holdings of banks. The limit set is an effort to deter hoarding ahead of President-elect Javier Milei’s devaluation plan. The legislation is effective right away and will last until the end of the year. The new regulation will compel banks to unwind dollars they already hold in their portfolio. #centralbank #us #businessnews About Channel: WION The World is One News examines global issues with in-depth analysis. We provide much more than the news of the day. Our aim is to empower people to explore their world. With our Global headquarters in New Delhi, we bring you news on the hour, by the hour. We deliver information that is not biased. We are journalists who are neutral to the core and non-partisan when it comes to world politics. People are tired of biased reportage and we stand for a globalized united world. So for us, the World is truly One. Please keep discussions on this channel clean and respectful and refrain from using racist or sexist slurs and personal insults. Subscribe to our channel at Check out our website: Join our WhatsApp Channel: Connect with us on our social media handles: Facebook: Twitter: Follow us on Google News for the latest updates Zee News:- Zee Business:- DNA India:- WION: Zee News Apps: