Argentina makes consumer financing in dollars more expensive with cards


Your Reading indicates how much you are informed about a given subject according to the depth and contextualization of the contents you read. Our team of editors credits 20, , 40, 60 or 67 points for each content – ​​those that help the most in understanding the country’s moment receive more points. Over time, this score is reduced, as newer content also tends to be more relevant in understanding the news. Thus, your score in this system is dynamic: it increases when you read and decreases when you stop being informed. At the moment the score is being made only in content related to the federal government.


The article you are reading right now+0

Information is part of the exercise of citizenship. Here you can see how well informed you are about what happens in the federal government.

How about knowing more about this subject?

O presidente argentino, Alberto Fernández, na Casa Rosada, em 4 de julho de 2022.

Argentine President Alberto Fernández at the Casa Rosada on July 4,.| Photo: EFE/ Juan Ignacio Roncoroni

The Central Bank of Argentina ordered on Thursday (17) the application of a higher interest rate for financing expenses in US currency with credit cards in excess of US$

a month.

The Board of Directors of the Central Bank decided to apply the interest rate regulated by law for credit cards issued by financial institutions – a rate that currently hovers around 64% – when the account statement for the month registers a consumption of more than US$ 67 in foreign currency.

As for the financing of a statement of expenses with card in local currency of up to 200. pesos (equivalent to US$ the official exchange rate) per month, the maximum rate set by the Central Bank of 41%.

The measure seeks to discourage consumption in dollars and adds to other exchange restrictions in Argentina, which suffers from the shortage of foreign currency.

The new resolution was issued on a day marked by the decision of Argentine President Alberto Fernández , to appoint the current president of the Chamber of Deputies, Sergio Massa, as the new Minister of Economy, a portfolio that will also absorb the ministries of Agriculture and Productive Development.

Receive Our News

Newsletter On the cellphone

Get our newsletters

By registering for our newsletters, you agree to our Terms of Use and Privacy Policy, including receiving content and promotions from Gazeta do Povo. Unsubscribing can be done at any time at this link.

Back to top button