BCRA Reserves Increased by $112 Million, While Purchases Remained Very Tight.
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2 Articles
Buenos Aires, 11 August (NA) -- The Ministry of Economy formalized the repurchase of US$781 million in dollar transferable bills from the Central Bank (BCRA), through Joint Resolution 47/2026 of the secretariats of Finance and Finance. The transaction was carried out for a total amount of US$781 million, which will be used to cancel early intrastate debt instruments in order to continue the process of cancelling the Intransferable Letters held b…
The gross stock went up $112 million and closed at $49,567 million, driven mainly by improved valuation. However, the Central Bank purchased just $13 million and the pace of August remains well below the July average.
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