The President, from the social network
Javier Milei celebrated that the BCRA has accumulated comp since the beginning of his Government for US$15,000 million
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President Javier Milei celebrated that, since he took office in the Casa Rosada, US$15,000 million dollars have been purchased and he blurted out “to think that when we arrived the net reserves were negative by US$12,000 million and dollars were lost every day.” The truth is that, despite that amount, The BCRA accumulated US$8,660 million in gross reserves.
In fact this day, The Central Bank bought dollars for the third consecutive round, although gross reserves suffered a drop of US$1,763 million compared to last Fridaywhich is the largest weekly decrease since the beginning of November 2023.
This happened since On Tuesday the Treasury had to face a payment of close to US$1.9 billion to the International Monetary Fund (IMF) for the debt contracted in 2018 and renegotiated in 2022.
At this moment the reserves are at the level of US$28,374 million. In the month they grow by US$799 million and in the year they increase by US$5,303 million.
At the same time, José Luis Espert assured that the stocks can only be lifted when the net reserves are at US$5,000 million. The truth is that if we discount the issuance of BOPREAL bonds and government deposits, the net reserves are US$3,908 million.
Source: Ambito
