Argentine Central Bank sold 1.6 bn dollar in September to defend peso

Argentina’s Central Bank (BCRA) sold about $1.615 billion of its reserves in September to defend the country’s beleaguered peso currency. This is the largest amount of reserves sold in the last 11 months since October 2019. It is estimated that between 45% and 50% of the total loss of reserves in September (some $700 to 750 million) was registered after the BCRA blocked people’s access to the exchange market and cut back on the sale to many companies to pay off financial debts.

Source: La Nación