Oct. 13 at 5:51 PM
$YPF Treasury used Santander Argentina to API into a forex purchase with dollars Oct 9. YPF Digital has an app allowing direct Santander AR U.S. dollar account to link to the app and pay YPF directly in dollars now for gas, YPF full, and Boxes at all 1600 stations in Argentina. Anyone want to say this is not related to the
$38.80 ADR dividend announced for December last week? 51% state-owned, we meant what we said Sep 18 about the U.S. Treasury backing this company directly/indirectly. It's now a defacto hard currency shadow bank with U.S. dollar purchases from the third largest bank in Argentina, let alone one you just need an app to signup and transfer in currency and has in app peso dollar forex to get those dollars. https://x.com/YPFoficial/status/1975542674024526319
