According to the latest data available from the Central Bank (BCRA) The result of tickets was explained by the net purchases of “Human persons” for US$127 million, which were partially offset by net sales of legal persons and others for US$93 million.
“Human Persons” bought tickets for US$131 million in December, 15% more than in November, and made sales for US$4 million. Regarding the number of people who operated, 662,000 individuals bought tickets, while some 18,000 sold, thus resulting in purchases and sales per capita of 198 and 220 dollars, respectively.
“Individuals” purchased US$436 million net, mainly for expenses made with cards for consumption with non-resident suppliers (with a net of US$277 million) and for hoarding (with a net of US$127 million for purchases of tickets). The “Institutional investors and others” sector, both residents and non-residents, made net sales of US$115 million, mainly due to net income from services.
On the other hand, there were net transfers received from own accounts abroad for a total of US$129 million: the “Real Sector excluding Oilseeds and Cereals” received US$59 million, “Individuals” US$59 million, the The “Institutional Investors and Others” sector received US$10 million and the “Oil Seeds and Grain Sector” US$2 million.
The operations of the exchange financial account of the “Financial Sector” also resulted in deficits of US$1,078 million. This result is explained by the increase of US$1,063 million in liquid external assets of the entities that make up the General Exchange Position (PGC), due to expenses for the concepts of financial loans and lines of credit for US$11 million. and purchase-sale of titles for US$5 million respectively.
The entities ended the month, and therefore 2022, with a stock of PGC of US$6,761 million, which meant an increase of 19% compared to the end of the previous month. The result was explained by the increases in holdings of bills for US$881 million and foreign currency for US$182 million, a behavior associated with the seasonal increase at the end of the year in private sector deposits for tax reasons. The holding of foreign currency bills totaled US$4,586 million at the end of the month, a stock that represented 68% of the total of the PGC and which is kept by the entities to attend to the movements of local deposits in foreign currency and the exchange market needs.
For their part, the group of entities closed December with a short-term position in foreign currency for US$921 million, reducing their short position compared to the closing of the previous month by US$121 million. During the past month, the entities sold US$126 million in institutionalized markets and purchased US$247 million directly from clients (“Forwards”). Foreign capital entities closed the year with a net short position of US$516 million, reducing their short position compared to November by US$202 million. For their part, national entities sold US$81 million and deepened their net sold position in November, reaching US$405 million.
Source: Ambito
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