Along with lowering the reference rate to 80% and releasing the minimum rate that banks offer for traditional
fixed-term deposits
, last Monday the Central Bank implemented
another change
that went unnoticed.
The entity
reduced from 180 to 90 days
(that is, from 6 to 3 months) the mandatory time of stay
in the precancelable UVA fixed term
, which are tied to inflation plus a small interest.
This was one of the
star investments
after inflation hit 25% in December, which assured savers
a profit much higher than the traditional fixed term and the dollar.
Given the very high demand for these instruments after the December devaluation (it went from $240,111 million at the end of November to $423,372 in December), the banks decided to first increase the investment amounts and then asked the Central Bank to put some type of brake .
Thus, on December 28, the permanence period was increased through communication A7929 from the Central Bank.
Now, through standard A 7978, it ensures that for deposits of UVA Purchasing Value Units the minimum term is 90 days.
Note in progress