Gold Policy: AGN Noted BCRA Losses of US$1023 Million and the Government Questions Its Interpretation
44 Articles
44 Articles
According to the investigation of the General Audit of the Nation (AGN), the Central Bank would have carried out "financial operations speculating with a certain trajectory for the international price of gold, erred the calculation and lost 1,023 million dollars."
The entity questioned coverage operations of 2025; an official source with direct knowledge maintained that the result should be read along with the profits from the international metal rise
The General Audit of the Nation (AGN) held that the Central Bank of the Argentine Republic (BCRA) lost more than US$ 1 billion due to speculation about the international price of gold and referred to the controversy over the transfer of metal abroad. These were made by the president of the state agency, Juan Manuel Olmos, during an audit referring to the accounting status of the monetary authority in 2025. As a first conclusion, Olmos indicated …
They denounced Luis Caputo and Santiago Bausili after the report of the AGN on the loss of $800 million in gold reserves. Details.
The holder of the General Audit of the Nation explained the report on the accounting statements of the Central Bank corresponding to 2025, which detected losses of more than one billion dollars in hedging operations linked to the gold reserves. He clarified that the work is technical in nature and does not evaluate the advisability [...] The entry Audit detects million dollar losses on gold reserves: “It is a technical opinion, not a political o…
Juan Manuel Olmos stated that the document describes a loss of US$1.023 million for hedge operations during 2025 and denied that it has a party motivation.
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