Macroeconomy/Finance

Reserves: fall in July, BCRA sold more than $360 million

Under the pretext of avoiding a balance of payments crisis, everything points to the fact that the exchange rate trap will have a long life. There is concern about the dripping reserves that the BCRA is suffering. At the end of almost three weeks in July, the BCRA recorded net sales with the private sector of $362 million. Net reserves estimated at $10 billion, half of which is gold and SDRs.

Source: Ámbito

Categories: Macroeconomy/Finance