Falling bonds cause losses of $1.2 billion to the BCRA and the Anses

The exchange measures announced on Tuesday night by the Central Bank (BCRA) produced damage in the power of intervention on the so-called “financial dollars” that the government had achieved with the debt swaps, besides affecting the patrimony of the public entities that participated in that operation. The abrupt devaluation of up to 15% that the new debt bonds suffered after the announcements caused an accounting loss of about $1.2 billion in the holdings of some $24 billion exchanged by the BCRA and the Sustainability Guarantee Fund (FGS), which administers the Anses, the two official entities that had the most significant participation in the restructuring.

Source: La Nación