By Vive Caba Editorial Staff
The «patience» of the economic team seems to have reached its limit. In the last hours, Luis «Toto» Caputo went from technical gestures to direct pressure. The objective is clear: for banks to stop creating bureaucratic obstacles and speed up the acceptance of laundering dollars. For the Casa Rosada, it is not just a collection measure, but an artificial respirator for the Central Bank’s reserves.
The financial bottleneck
According to sources in the sector, the unrest in the Treasury Palace grew when it was detected that many branches were discouraging deposits from small and medium-sized savers through excessive requests for documentation or unjustified delays.
«Caputo’s message to managers was blunt: either they collaborate with the fluidity of the system or there will be regulatory consequences,» sources close to the ministry confided.
Why the urgency?
The current economic scheme depends critically on the accumulation of foreign currency. With a complicated external front and the risk of a country that refuses to breach critical levels, the Government needs the dollars «under the mattress» to enter the system to:
- Hold the “crawling peg” scheme (controlled microdevaluations).
- Give a sign of trust to international markets for the 2026 maturities.
- Immediate liquidity: The banks are the necessary bridge, and any slow «drip» is seen by the ruling party as sabotage to stability.
The banks’ response
From the financial entities, the defense is technical. They argue that the protocols of Compliance (regulatory compliance) and prevention of money laundering cannot be relaxed due to political urgency. «We cannot accept funds without a minimally justified origin just because the Ministry is in a hurry,» they point out from one of the banking chambers.
Analysis: A year-end under pressure
The tension between the Government and the financial sector marks the pulse of a hot December. While the average citizen observes the increase in services and the inflation that does not cease to give way in key sectors, the «war for dollars» is being fought in the offices of the City of Buenos Aires. for the newspaper Live Cabait is clear that the success or failure of this pressure from Caputo will define the Government’s room for maneuver at the beginning of next year.
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