Executives from Banco Nacion were preparing to head to Wall Street, ready to start making the pitch for a bond sale that would bankroll mortgages back home in Argentina.
It would have been a fairly unremarkable event for bankers in most other countries. But in Argentina — where residents have been forced to buy homes with stacks of cash after decades of runaway inflation, currency crashes and debt defaults upended the economy over and over — it was a sign of finally inching toward some sort of normalcy.
Peso Crisis Drives Mortgage Rates to 15%, Upending Milei Agenda
