• TRM (USD/COP)COP 3,301.91 +0.15% +COP 4.84Colombia's official exchange rate (Financial Superintendence), valid Nov 13 to Nov 13
  • EuroCOP 3,649.29 -0.53% -COP 19.38Reference: TRM crossed with the European Central Bank rate of Nov 13; not the market quote
  • Mexican pesoCOP 177.59 +0.50% +COP 0.89Reference: TRM crossed with the European Central Bank rate of Nov 13; not the market quote
Quilla NewsFinance & Technology
ENES

Demand for pesos tracked by Argentina's BCRA fell in October, with mixed signals on remonetization

FinanceInternationalAmbitoAI summary
Image: Ambito

In October M2 fell, while total M3 rose 1.5% month over month driven by a 1.1% increase in time deposits, mainly from companies. Currency in circulation and time deposits grew, but demand deposits contracted. Peso credit rose 0.5% in real terms, led by commercial loans and loans with real guarantees, while consumer loans fell again on a 1.2% drop in credit cards. The BCRA projects a gradual recovery in transactional money.

In 35 seconds

  • Total M3 rose 1.5% month over month in October, driven by time deposits, which grew 1.1%, mainly from corporate holdings.
  • M2 fell and demand deposits contracted, while currency in circulation increased.
  • Peso financing rose 0.5% in real terms, with a 1.2% drop in credit cards and a 0.1% rebound in personal loans.
Read the full story at Ambito

IASummary generated by artificial intelligence from a story by Ambito. It may contain errors: the original source prevails.

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