Argentinian Central Bank to Lift Freeze on Bank Fee Increases: Sets the Ceili...

Argentinian Central Bank to Lift Freeze on Bank Fee Increases: Sets the Ceili...

The Central Bank of the Argentine Republic says starting in January 2021, financial institutions will be able to increase the fees or commission they levy for services rendered. In its November 5 update, which effectively ends the February 19 freeze on any fee hikes, the central bank says such increases should not exceed 9% each month. Furthermore, the country’s regulations require financial institutions to communicate any intention to increase such commissions 60 days in advance. In the update, the central bank provides a list of the types of financial services where the....


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