Treasury to use $4.27 billion in BCRA profit transfers through year-end

In the last two weeks, the Treasury requested assistance from the Central Bank in the form of profit transfers of 60 billion pesos ($745 mn). The government will use the $4.27 billion margin it still has for 2020. The Central Bank can finance Treasury in two ways: transitory advances -TA- (10% of the monetary base or 12% of the collection of the last 12 months) and profit transfers.

Source: Ámbito