BCRA resells reserves and red in two weeks exceeds $1.6 billion

The exchange rate pressure forced the Central Bank to sell more than US$ 1.6 billion in two weeks, in the middle of a dollarization of portfolios. And the blue dollar and the financiers consolidated in the $1,300 zone. Then the question arises: if with the validity of the stocks it was impossible to stop the currency outflow, what would happen if that pressure on the dollar were renewed without having obstacles to buying foreign currency? There …

On Friday’s day, the Argentine monetary authority broke off from $192 million. In addition, they also reported that they spent $487 million in February to contain the gap.

The Central Bank (BCRA) had to sell 192 million dollars on Friday and the reserves pierced the $26 billion. Gross reserves fell to US$25,775 million. In addition, payments were recorded to credit institutions, such as the Paris Club, for US$120 million, and advance the movement of end-of-month banks. In 10 days sales were accumulated for US$1,637 million. In the wholesale segment, the dollar rose to $1,073.50 per unit. The retailer -without taxe…

The Argentine Central Bank resold reserves and accumulated a red more than US$1.6 billion in the last two weeks. Amid the uncertainty regarding what the exchange rate scheme will be after agreeing with the IMF, the monetary authority broke off this Friday from another US$192 million in a day in which the expectation of a devaluation jump was again reflected in the dollar futures market. With the implicit rates of contracts in futures again above…

The Central Bank sold another US$ 192 million this Friday, accumulating sales of US$ 1,637 million in just ten days. Reserves pierced the floor of the US$ 26 billion, reaching its lowest level in 14 months. Uncertainty about the future of the exchange scheme and negotiations with the IMF impacted the market. Financial dollars exceeded $1,300 and country risk rose to 777 points. In March, the BCRA plans to have the fourth worst balance of the las…

The entity that presides Santiago Bausili broke off this Friday of u$s192 million and chained his tenth day with negative balance. Thus, the reserves remained below the u$s26 billion. The Central Bank of the Argentine Republic (BCRA) reselled reserves and sangria of dollars in the banking institution not for: this was detached ... The Central Bank resold reserves and already dilapidated u$s1.6 billion in two weeks Read more »