Guatemalan Banks to Cover Currency Exchange Risk

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Banking Superintendent Edgar Barquín explained that the measure, which affects a third of the entire loan portfolio in dollars -$982 million-, will force banks in the system to increase their capital in $48 million.

Barquín told local newspaper Prensa Libre that "the measure won't alter interest rates for loans in dollars", and that "the objective is to provide further protection against currency exchange variations".

Source: prensalibre.com

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