Argentina Reserves Clear US$50 Billion Mark
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4 Articles
The Central Bank (BCRA) accumulated purchases of US$642 million over the past week and raised the October positive balance to US$982 million. The monetary authority acquired another US$68 million this Friday and extended its buying streak to 14 consecutive wheels. In parallel, gross international reserves increased US$196 million and closed by US$50.236 million. [...]
The monetary authority totaled USD 182 million this Thursday and accumulates more than USD 900 million in the course of October Jujuy per day ® – The Central Bank of the Argentine Republic (BCRA) purchased USD 182 million this Thursday and gross international reserves closed the day above 50 billion [...] The entry The Central Bank re-purchased dollars and reserves exceeded USD 50 billion was first published in Jujuy per day.
The Central Bank acquired $182 million, its second largest purchase in October, and raised the month’s positive balance to $914 million. In addition, gold and major international currencies favored the recovery of reserves, while the wholesale dollar remained stable.
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