The BCRA Did Not Buy Dollars for the Third Time in the Year and Cut a 27-Wheel Streak with a Positive Balance
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The Central Bank of the Argentine Republic (BCRA) ended its activity in the exchange market this Monday, September 7, with a neutral balance and broke a buying streak of 27 uninterrupted days. This decision marks the third opportunity in the year in which the monetary authority chooses not to intervene in the square...
The monetary authority came from 27 consecutive days with foreign exchange purchases. Still, the reserves rose by $7 million and remained above the $50 billion.
The monetary authority closed the wheel with a neutral balance and cut off a 27-day follow-up of consecutive purchases. In August it had just added USD 768 million, the lowest monthly record of the year, while the BCRA monetary report showed a recomposition of reserves and a historical maximum of private deposits in dollars. Read more
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