To Hunt for Dollars: More Banks Go Out to Remunerate Foreign Currency Balances in Savings Banks

The Galician Bank announced yesterday for its app and the website, something that other banks will surely copy soon: they start to remunerate the savings banks in dollars. The Supervielle launched something similar, but they say it would only be for “wage accounts”. This Galicia is for all customers and if they do not have savings box... The entry The Galician Bank went on to remunerate the accounts in dollars and promises “big face” was first p…

The competition for foreign exchange is accelerating in the financial system. A new bank joins in remunerating the savings bank in dollars. The trend, common in developed markets, begins to settle in this Argentina post cepo.