The peso is rapidly depreciating as inflation in the country approaches 100% Banks in Argentina are suffering from a shortage of space to store the quickly depreciating national currency banknotes, Bloomberg reported, citing sources in the banking industry. According to the report, Banco Galicia and the local unit of Spain’s Banco Santander have been forced to install additional vaults to store peso bills. Banco Galicia has already added eight vaults for cash storage over the past year to the two it had since 2019, and reportedly plans to set up two more in the coming months. Argentina, which boasts the second big
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