Macroeconomy/Finance

A sharp decline in international reserves leaves them about 43.2 bn

In 13 months the BCRA’s reserves decreased by $34.3 billion, from a record $77.49 billion on April 9, 2019. At nearly $43.2 billion, reserves were near last year’s low of $43.1 billion on November 7, 2019. The decline in the level of gross reserves was driven in the previous month by the withdrawal of dollar deposits. Since Monday, April 20, with the quarantine in banks relaxed, $1 billion has left the financial system.

Source: Infobae

Categories: Macroeconomy/Finance