Bank credit in Argentina in pesos stagnated for over a year and lost momentum in dollars in August, as the government expanded financing offers to companies without foreign currency income. ^[1] The wholesale dollar in Argentina retreated to $1.508 for sale on Thursday, 2026-09-03. ^[2] Analysts from LGC state that a delinquency rate affecting 27% of credit portfolios and 28% of families is causing a dynamic of credit contraction on both the demand and supply sides. ^[3] Consumption loans, the most affected by payment irregularities, shrank 1.3% in August, accumulating ten consecutive months of decline. ^[4] The total of peso loans fell 0.2% in real terms in August compared to July, showing a 1.6% year-over-year contraction after nearly two years of growth. ^[5] Argentina's country risk dropped by 6 units to 494 basis points, falling below the 500-point barrier. ^[6] The retail dollar was priced at $1.535 at the Banco Nación (BNA) on Thursday, 2026-09-03. ^[7] US dollar-denominated bonds traded with disparity on Thursday in Wall Street, though price increases predominated. ^[8]