Macroeconomy/Finance

Reserves: BCRA sales now total $738 million

So far in August, the BCRA has sold $738 million in reserve dollars, exceeding the May maximum of $679 million. It is the most massive net sale of foreign currency of the year, which so far accumulates a total of $1.2 billion. It is not the fault of the $200 quota. The drainage reflects other macroeconomic symptoms, such as the excess liquidity and the investment spirit that so far is declining due to private deposits in pesos.

Source: Ámbito

Categories: Macroeconomy/Finance