The BCRA’s International Reserves dropped $49 million on Monday.

The BCRA’s International Reserves fell by $49 million at the beginning of the week to $43,648 million. In the informal currency market, the blue dollar closed Monday at 118 pesos. Since the beginning of the mandatory quarantine decreed by the government, the unofficial dollar accumulated a jump of 32.5 pesos (on March 20 it had closed at 85.5 pesos). Dollars trading in the stock market accelerated their upward march this Monday, with increases of up to 5 pesos and prices that surpassed 115 pesos. The exchange rate gaps have already broken the critical barrier of 70%.

Source: Ámbito

Categories: Macroeconomy/Finance