Macroeconomy/Finance

Loans in United States dollars fell 39% in one year

Loans in United States dollars fell by 38.9% year-on-year in February; the principal reduction is in commercial loans, which accounted for 75.4% of the total. Credit card financing also recorded a sharp year-on-year decline of 43.5%. The higher exchange rate applicable to the repayment of these operations has acted as a deterrent to the use of plastic abroad.

Source: Ámbito

Categories: Macroeconomy/Finance