The Government takes advantage of the great flow of dollars from agriculture, after the fleeting removes withholdings. The coffers of the monetary authority played maximums of one month.
The reserves of the Central Bank (BCRA) grew US $ 1,889 million This Friday, September 26, which meant the greatest increase since August 4. In the City they estimate that 70% of that accumulation responded to treasure purchases.
According to market sources, the government would have bought about US $ 1,350 million in the official change market. Within that framework, gross reserves climbed au $ S41,328 million, maximum value in a month. Also, net reserves ended this day at US $ 7,543 million, according to the calculations of the Open economist, Federico Machado.
The Treasury takes advantage of the great flow of dollars from agriculture
On Thursday, an rise of US $ 317 million in the coffers of the monetary authority had already been verified, also for an alleged official participation.
“With today’s monetary data, we confirmed that on Tuesday the Treasury would have acquired US $ 85 million, since its deposits in foreign currency in the BCRA climbed in that magnitude and, in parallel, its deposits in pesos fell in the same amount. On Thursday, the gross reserves of the central climb up u $ 303 million when the positive effects of the valuation in gold, yuan and degs. That the treasure bought again, either yesterday in T+1 or today in cash, “they detailed from the Personal Inversiones Portfolio Society (PPI).
In this way, the Government would seem to be taking advantage of the great flow of currencies from the great cereals that quickly completed the top of US $ 7,000 million that the Executive Power had arranged for exports without retentions.
According to the consulting firm 1816, between this wheel and the one on Monday that is coming, about US $ 4,400 million should be settled, since this is the remained number to complete 90% of those US $ 7,000 million. “It has no historical history. If there is a lot of selling pressure, the treasure has the possibility to buy reservations,” said the entity in a report published in the week.
Source: Ambito
