Argentina Reserves Top US$50 Billion as the Central Bank Keeps Buying Dollars
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8 Articles
Argentina Reserves Top US$50 Billion as the Central Bank Keeps Buying Dollars
Argentina's central bank bought dollars for 16 straight days, pushing gross reserves above US$50 billion for the first time in seven years. The milestone reflects active currency management and a new high for the current administration. The post Argentina Reserves Top US$50 Billion as the Central Bank Keeps Buying Dollars appeared first on The Rio Times.
The Central Bank of the Argentine Republic (BCRA) continued with the purchase of dollars and, on the close of the week, again recorded a new record in the level of its international reserves. The monetary authority scored 17 consecutive days with buyer balance in the Free Exchange Market (MLC). That number was restarted after having not recorded any intervention towards the end of July, breaking a 135-day streak with purchases. Specifically, thi…
The Central Bank (BCRA) expanded its intervention margin in the face of the pressure on the exchange market. The entity that leads Santiago Bausili concluded a bond exchange with the Treasury that will allow it to maintain during September a key tool to contain the expectations of devaluation. The transaction involved dollar bonds linked, instruments whose value is tied to the evolution of the official exchange rate. According to a report by Max…
The BCRA reported reserves for USD 50,655 million, retail dollar at $1,518 and TAMAR and BADLAR rates below 27%.
Since January, the entity under the leadership of Santiago Bausili totaled US$13.770 million.
The Central Bank (BCRA) continues to add dollars to strengthen and increase international reserves and this Thursday reached a new peak in the presidency of Javier Milei. The monetary authority scored 16 consecutive days with buyer balance in the Free Exchange Market (MLC). That number was restarted after not registering any intervention towards the end of July, breaking a 135-day streak with purchases. I COULD INTEREST YOU: Economic activity gr…
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