# Argentine banks flee to one-day notes amid government transition | Buenos Aires Times

> Argentine banks are shifting from central bank Leliq notes into shorter, more liquid securities, rolling over only 10% of the 1.8 trillion peso debt offered at a recent auction. The move reflects concern over President-elect Milei's unclear plans for the debt and the country's recession risk.

- Date: 2023-11-24 · published 2023-11-24T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/33458-argentine-banks-flee-to-one-day-notes-amid-government-transition-buenos-aires
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

This is a financial-sector story with limited direct effect on feed commodities, though continued peso and debt uncertainty can slow Argentine grain selling and affect local crush margins.

## Read by commodity

- USDARS: neutral

## Sources

- batimes.com.ar: https://batimes.com.ar/news/economy/argentine-banks-flee-to-one-day-notes-amid-government-transition.phtml

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.