ARGENTINA: Reserves Increase By US$ 1.86 Billion In August (Update)

By | September 20, 2017

The Argentinean Reserve bank (BCRA) stated worldwide reserves increased by US$ 1.862 billion in August, closing the month at US$ 48.877 billion.

Throughout August, the increase in global reserves was mainly due to the National Treasury’s foreign currency income for bonds placements for US$ 6.156 billion.

The National Treasury faced US$ 2.032 billion in costs maturities and made cancellations of capital and interest to worldwide companies and holders of other securities denominated in foreign currency for roughly US$ 220 million. In addition, a United States $ 72 million payment was made to the Latin American Integration Association (ALADI).

In August, the National Treasury offered US$ 2.1 billion, and banks and other entities, US $ 362 million. This overall was purchased by private sector customers for US$ 1,903 million through the Single Market and Free of Exchange and by the BCRA for US$ 567 million.

The financial authority tape-recorded a US$ 2,539 million “other web” outflow, which includes the efficiency of reserves, changes in evaluation, the purchase and sale of securities, motions in National Treasury accounts and BCRA’s operations.

The material has actually been offered by InstaForex Company – www.instaforex.com

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