Change in asset valuation allows BCRA to present earnings of $23.4 mn in 2019

Argentina’s Central Bank (BCRA) inflated its balance sheet with a change in asset valuation. The valuation methodology of the securities was previously valued according to their market value but now it is according to their nominal value. The modification allowed the Central Bank’s balance sheet to increase from AR$0.58 billion pesos ($8.48 mn) in profits in 2018 to AR$1.6 billion ($23.4 mn) in 2019.

Source: Ámbito