The Treasury takes another $3,2 b of BCRA reserves and exhausts quota

The Treasury ordered the placement of $3.244 billion in Non-Transferable Letters to the Central Bank (BCRA), thus completing the maximum $4.571 billion provided in the emergency law voted by Congress at the end of 2019. On December 27, the Treasury already had issued Non-Transferable Letters for $1.326 billion to meet debt services denominated in foreign currency that expired during that month.

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Source: BAE Negocios

Categories: Macroeconomy/Finance