Buenos Aires, November 21 (NA) -- The Ministry of Finance suffered the biggest blow of the week with the suspension of the US$20 billion loan promised by American banks, but the local financial market was forced into a providential pause: a four-day currency holiday that gives Minister Luis Caputo time to reorder his strategy. According to what was learned by the Argentine News Agency, the coincidence between the financial freeze news and the closure of the markets was crucial to preventing an immediate panic reaction in the dollar and bonds. The financial district will be closed from today, Friday, until next Tuesday. A triple currency holiday without dollars after the elections brings relief to Luis Caputo and Scott Bessent. The bank holiday began this Friday, November 21, classified as a non-working day for tourism purposes. It will continue on Saturday 22 and Sunday 23, and end on Monday 24, due to the transfer of the National Sovereignty Day holiday. The pause comes at the most delicate moment for the economic team, after a report from The Wall Street Journal emerged that gave as 'archived' the US$20 billion shield managed by Scott Bessent. The suspension of the credit will force the Government to focus on a smaller credit line (around US$5 billion) to cover January debt maturities, as detailed by the same sources. The currency holiday, published in a timely manner in the Central Bank's communications C99321 and C100942, thus becomes an involuntary containment factor, allowing the Ministry of Economy to buy time to articulate the official response to the withdrawal of the funds that supported the stabilization plan.
