The sangria does not stop: since January 7 the Central has already lost US$6.658 million of its reserves – CHACODIAPORDIA.COMJoinchat

The debt payments, the intervention of the BCRA to reduce the exchange rate gap and the increase in the expectations of devaluation against the agreement with the Fund explain much of the problem. The international gross reserves of the Central Bank (BCRA) suffered a fall of more than US$6.5 billion since January 7, driven by the growing uncertainty about the sustainability of the exchange rate scheme. In this context, in the last few days, a di…

The appreciation of the exchange rate, in a context of stocks and stocks of reserves, encouraged a growing deficit in the balance of services in recent months. It was also one of the elements that boosted imports, although here also affected the process of deregulation and commercial opening that the Government is carrying out. Both factors explain the current account deficit suffered by the BCRA, typical of moments of delay in the price of the …