This is what scares everyone today imho. A foreign central bank (not covered by FX swap lines) MAXED out the FIMA repo
Not a good sign pic.twitter.com/mvwYny2WQi
— AndreasStenoLarsen (@AndreasSteno) March 24, 2023
It means that a banking system somewhere on the globe is in a serious need for USDs .. We don't know the juridstiction, but it is most likely not a western country
— AndreasStenoLarsen (@AndreasSteno) March 24, 2023