Dollar savings purchases in July reached the highest level since elections, a third remained 'under the mattress'

By: www.ambito.com|2026/08/28 21:47:00

The purchase of dollars by individuals reached its highest level in July since the legislative elections of 2025. One third of what was acquired remained 'under the mattress', reflecting greater caution among savers. The Central Bank (BCRA) reported that in July, the purchase of cash and currencies 'for unspecified purposes' reached 3.461 billion dollars, a record since October 2025 and 42% more than in June. Regarding cash, 1.7 million people made purchases, representing a growth of nearly 200,000 individuals compared to the previous month. There were 697,000 sellers recorded, with a decrease of more than 20,000 people. Including net sales from companies, the net outflow of dollars was 3 billion dollars. According to the BCRA, 33% of this amount was accounted for as Formation of External Assets (FAE), the highest percentage since October of last year. Only 33% remained in local banks, the lowest since February of this year, while the remaining third was allocated to expenses with cards abroad.

-- Price

--
--
--

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.

You may also like

Ripple Dollar Supply Reaches $2.369 Billion, Ethereum Share Increases

The supply of Ripple's dollar-pegged stablecoin, Ripple Dollar (RLUSD), has increased to approximately $2.369 billion as of August 31, surpassing the XRP Ledger (XRPL) in volume on Ethereum (ETH).

Dollar-Won Exchange Rate Expected to Rise Above 1,380 Won

The dollar-won exchange rate is examining upward potential around the 1,380 won mark as of the 31st, following Kevin Warsh's speech at the Jackson Hole Symposium.

BIS Secretary General Points Out Challenges for Stablecoins as Large-Scale Payment Methods

The Secretary General of the Bank for International Settlements (BIS) has claimed that stablecoins in their current form do not meet the fundamental requirements for functioning as large-scale payment methods. According to a speech released by the BIS on the 28th, Pablo Hernández de Cos stated this ...

Usage of RLUSD on XRPL is Increasing

🚨 AI wallets on XRPL have prioritized RLUSD usage over XRP. 📊 In the last seven days, $293.16 was spent on XRP, while $602.27 was transacted with RLUSD. 🤖 In a flow of 554,007 transactions, bots preferred RLUSD due to price volatility. 📌 This week, the total number of machine-generated transacti...

RLUSD Surpasses XRP in Payment Volume

In AI payments based on XRPL, the dollar-pegged stablecoin RLUSD has recorded a larger payment volume than Ripple (XRP). According to a snapshot from the last 7 days, the AI script processed 209 XRP and 602.27 RLUSD.

IMF President Says Stablecoins May Undermine Currency Sovereignty in Emerging Markets

...
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:[email protected]
VIP Program:[email protected]