The Board of Directors of the BCRA approved the issuance of a Letter in dollars, aimed at stimulating the entry of external funds for pre-financing of large exporters.
The currencies entered through this mechanism, deposited in the local financial system in a foreign currency account, will enable the financial entity to bid for the equivalent of that deposit a Bill in Dollars, reported the Central.
The Letter will be tendered periodically and the interest rate will be fixed in a tender as a spread on the SOFER rate. The duration will be 180 days with the possibility of pre-cancellation.
Bookings.
Meanwhile, this Thursday the entity commanded by Miguel Pesce lost another US$150 million of its net reserves.
El Central had to contribute 46% of the US$324.2 million operated in the cash segment to the market, two thirds of which were to meet purchase orders destined to pay for energy or fuel imports.
The BCRA has sacrificed, in just four wheels of the month, a figure that exceeds US$580 million.
This occurred despite the fact that in recent days it introduced new restrictions on retail demand via card purchases, for example, to try to rebalance the market.
According to market data, the BCRA’s net reserves are already below US$1.5 billion.
The new loss of reserves (which helped the net holding also fall below US$ 38,000 million – it closed at US$ 37,332 million), was key on the day.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
