The Argentine Ministry of Economy announced on Thursday, August 13, 2026 a partial relaxation of dollar-denominated loans for companies, a measure that Minister Luis Caputo said is designed to strengthen credit and productive activity. The announcement was made through the ministry's official X account, where Caputo's statements were shared.
Record Growth in Dollar Deposits and Loans
During the announcement, Caputo highlighted the sustained growth of the dollar market and foreign currency operations. According to his words, “the dollar market is growing a lot” and he specified that dollar deposits have risen from USD 14 billion to USD 40 billion since he assumed office, reaching a historic record. Meanwhile, dollar loans have grown from USD 3.7 billion to USD 24.7 billion, representing an increase of more than six times.
Evolution of Dollar Deposits and Loans
| Indicator | At Start of Administration | Current (Aug-2026) |
|---|---|---|
| Dollar Deposits | USD 14 billion | USD 40 billion |
| Dollar Loans | USD 3.7 billion | USD 24.7 billion |
What the Relaxation Means
The measure announced by the Ministry of Economy allows companies to access dollar loans more easily, reducing restrictions that previously existed. While not all regulatory changes were detailed, Caputo indicated that “it will be excellently received by all industries” and that “it will generate more credit, more employment, and help reactivate the economy”.
Context and Expectations
This relaxation comes amid a recovery of confidence in the foreign exchange market, with deposit levels reaching a record. Analysts consulted by various media consider that the measure could encourage productive investment, though they also warn about the need to monitor the impact on financial stability. The government, for its part, bets that greater access to dollar credit will boost the activity of exporting companies and those with income in foreign currency.
For international observers, this move signals a continued opening of Argentina's financial system, which has historically been subject to strict currency controls. The increase in dollar deposits reflects growing trust in the local economy, and the expansion of dollar lending is seen as a step toward normalizing credit markets. The announcement was made via the Ministry of Economy's official X account, and detailed regulatory changes are expected to be published in the coming days.