Central Bank reserves decreased on Thursday $84 mn

The Central Bank’s gross reserves fell Thursday from $84 million to $43.2 billion. The blue dollar (parallel market) climbed to a new high of 138 pesos, with which the gap with the official dollar shot up to 104.1%. The implicit exchange rates that arise in the stock market decreased by almost 3.5 pesos. The high exchange gap complicates the agro-exporters, that does not want to settle waiting for a better value (today with deductions receives 44 pesos per dollar), while importers are rushing to buy, and that leads to a vicious circle.

Source: Ámbito

Categories: Macroeconomy/Finance