Next stage of the aid package: paying salaries

They will make available the 320 billion pesos ($5.02 bn) available from the liquidation of the Leliqs and the decrease in lace. Loans will expedite via checks and payrolls. This money should be poured immediately into the liquidity of public and private banks, which, in theory, would have to start working quickly with their customers to have lines of loans with a rate of 25%, and if possible, less.

Source: Ámbito

Categories: Macroeconomy/Finance