International reserves in Argentina fell $14 mn

The International Reserves of the Central Bank of Argentina (BCRA) fell for the second consecutive day. The decrease was of $14 million, for which the monetary authority currently accumulates $43.8 billion. On the other hand, the liquid dollar (CCL) sank by 6.1% to 102.10 pesos, so the exchange rate gap reduced to 55.3%. The MEP dollar (for the purchase and sale of bonds on the Argentine stock exchange), fell by 4.6% to 103.37 pesos, leaving a spread of 57.24% with the quotation traded on the MULC. The BCRA absorbed 13 billion pesos, which is added to the nearly 171 billion pesos from the previous day’s auction, to slow the advance of the dollar in the stock market segment.

Source: Ámbito

Categories: Macroeconomy/Finance