2a. Dollarisation of the banking system (credit and deposits in dollars as a percentage of total credit and deposits, December 2024)

Grouped bar chart showing the degree of dollarisation of the banking system in eight Latin American countries, expressed as the share of loans (blue) and deposits (orange) in US dollars relative to the total banking system at the end of 2024: Uruguay, Peru, Argentina, Chile, Mexico, Brazil, and Colombia.

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Chart: Maria Alejandra Amado & Ernesto Talvi, Elcano Royal Institute Source: data from national Central Banks; dollarisation figures for Brazil and Colombia from the IMF’s Financial Soundness Indicators (FSI). Get the data