The monetary authority sold US $ 678 million this Friday. The last management of Luis Caputo is involved in the ranking.
Exchange instability pushed Central Bank of the Argentine Republic (BCRA) to intervene with the sale of US $ 678 million On Friday, the tenth higher figure since 2003. That is the framework that precedes the trip that will make Javier Milei to the United States, where you will be in parallel with Donald Trump and Kristalina Georgievaafter insinuating that they have an advanced agreement with the American treasure.
The movement of the day occurs after the Minister of Economy, Luis Caputoensure that monetary authority It will “sell to the last dollar on the roof of the band” since “there are enough dollars for everyone.” In the segment wholesalerwhich is the market reference, it was sold to $ 1,475.
The International gross reserves U $ S148 million fell on Yu $ 1,050 million in the week. Weekly decline responds fundamentally to Debt paymentsalthough the sales that the BCRA made on Wednesday and Thursday to contain the price of the wholesaler at the band’s ceiling were also added. On the other hand, the annual nominal rate Tamarfor the fixed wholesale deadlines, it rose for the second consecutive day, from 45.13% to 46.38% (from 55.67% to 57.55% in effective terms).
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Historical Ranking of BCRA interventions
With the movement of US $ 678 million, the Javier Milei’s government first got into the ranking of the largest sales interventions of the Central Bank of the last two decadeslocated in the tenth place, which was displaced by the US $ S645 million movement that executed Alejandro Vanoli -Where, head of the BCRA- on October 1, 2015, in the previous general elections for President.
However, the ranking includes current government officials Federico Sturzenegger, Current Minister of Deregulation, occupies positions 1, 2, 3, 5, 7 and 8 for their interventions between April and June 2018, when the BCRA was commanded and the Ministry of Economy was titled by Nicolás Dujovne. In those six days over three months, Sturzenegger sold US $ 6,288 million, retaining the record recorded on April 25, with US $ 1,472 million.
In addition, the current minister is also in the ranking Luis Caputo, who replaced precisely Sturzenegger in June 2018. Also sharing management with Dujovne, Caputo occupies the fourth place for the sale of US $ 981 million on August 15, 2018.
The remaining two positions (6th and 9) were in the hands of another director of the macrismo BCRA, Guido Sandleris. Already under the minister’s tutelage Hernán LacunzaSandleris sold U$ 691 million on October 24, 2019 YU $ S812 million the next dayon Thursday and Friday prior to presidential elections-
Source: Ambito
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