BCRA sold $224 million in just two days in August

August started worse than July for the BCRA, which in just two days recorded net foreign exchange sales of $224 million. In July there was a substantial expansion of the monetary base due to financial assistance to the Treasury. It is an illusion to think about relaxing the clamp if the monetary entity continues to sell foreign currency instead of buying it. So far this year, the BCRA has recorded a loss of reserves of $1.37 billion, of which $687 million correspond to net sales in the foreign exchange market.

Source: Ámbito