He National Treasury bought some U $ S993 million between June 23 and July 21 to an average value of $ 1,248, slightly above the medium of the exchange band. Estimates are from the Stock Society Personal Investments Portfolio (PPI).
“Monetary data On Monday, July 21, they show that the treasure deposits in foreign currency at the BCRA climbed US $ 25 million, of US $ 1,514 million au $ 1,539 million, ”he says in his latest daily report.
PPI adds that “it is about A new purchase of the Treasury at a spot of $ 1,275, since deposits in pesos fell into the same magnitude. ”
“Thus things, the treasure He would have acquired US $993 million in the single and free market between June 23, day that started the Blocks’ in block (´Block trades´) ´, And on July 21 to an average spot of $ 1,248 ”, Indicates the report.
It is to remember that the president Javier Milei had predictedby partially release the exchange rate and adopted the exchange flotation band, that the price of the dollar I was going to fall below $ 1,000, and that only in that instance the government I was going to buy to defend the floor.
PPI’s report remarks U $ S579 million would have been acquired post payment of sovereign bonds of July 9.
In this way, the stock market society indicates that the net reserves that do not contemplate the treasure deposits and the debt by Bopreal, together with The liquidity of the Central Bank improved in this period.
“The reservations net passed from an estimated US $ 3,577 million on July 10 Au $ S4.723 Millions on 21, while the liquids climbed US $ S16,892 million au $ S18,653 million in the same period, ”says PPI.
This week, the IMF issued a report that warns that Argentina has a level of “critically low” international reserves, while warning about the risks of the government’s strategy to try to get dollars of short term, to finance the current account deficit.
In this regard, The Minister of Economy, Luis Caputo, It reduced importance to criticism from agency officials. On the contrary, he said that “We have a barbarian dialogue. ” “We are ending the negotiations that are coming excellent for the country ”, Caputo explained, when talking about the Terms of the document of the first review of the April Agreement.
It was carried out in June and Argentina did not meet the goal of accumulation of dollars, via buy in the market. The objective of the current account deficit is also important. The agreement provided about US $ 2,700 million for the whole year and it is expected that there is a Negative balance of US $17,000 million.
Caputo said in the halls of the rural that “We work to rebuild the level of reservations,” he said that “the BCRA is better capitalized than ever.”
The fact is that The government lost about US $ 5,000 million between January and March, Trying to defend a dollar near $ 1,000, devaluing 1% per month with the idea of reaching the elections. In March, the Executive presented the third phase of the program with the partial release of the stocks and the exchange band. The IMF gave Caputo about $ 13,000 million of a total of US $20,000 million. The idea of the plan was that, throughout the year, the BCRA would recover the US $ 5,000 million that were lost between January and March.
Source: Ambito
