KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
Argentina's central bank is collaborating with banks and credit card companies to introduce debit cards denominated in U.S. dollars, according to bank chief Santiago Bausili in a post on X (formerly Twitter). This initiative is part of a broader effort to adopt the U.S. dollar as the country's official currency.
Bausili mentioned that the regulations are in place, but the actual implementation will require system and security developments, which are currently underway. Although he did not specify a launch date, earlier reports from Infobae indicated the cards could be available by year-end.
This move aligns with President Javier Milei’s campaign pledge to dollarize Argentina's economy and gradually phase out the central bank. While Milei has slowed down the immediate shutdown of the central bank, his administration has focused on curtailing the supply of pesos and expanding the use of dollars for more types of transactions.
Comments
Post a Comment