The Central Bank would only have $4.5 bn of liquid reserves left to intervene in the exchange market

Although reserves remain at levels of $43.2 billion, in reality, there is less and less available to intervene in the foreign exchange market. It estimates that only $4.5 billion is available. It’s a little more than 10% of the institution’s gross reserves, a figure that is permanently monitored by the institution’s board of directors, which is on alert due to its rapid decline.t This is the last line to defend the exchange rate.

Source: Infobae