Macroeconomy/Finance

Between importers and “solidarity” dollar, they took $400 mn of Reserves in 3 days

Between the buyers of the $200 monthly quota and the importers, they took just over $400 million from the BCRA’s reserves in three days. It confirms the pressure on the Central Bank to sell dollars. The Reserves closed at $42.64 billion, the lowest value in the quarter. The drop was not more significant because they sustained based on the revaluation of gold and the euro, two assets that are among the reserves.

Source: Infobae

Categories: Macroeconomy/Finance