The Exchange Stabilization Fund (ESF) currently maintains a diversified portfolio that amounts to AU $ S219.4 billion, according to official data.
He Exchange Stabilization Fund (ESF) From the United States Treasury, he became very relevant in the last hours when Scott Besent said there are many alternatives on the table to provide financial “help” to the government of Javier Milei. However, if the spher is integrated, Any incorporation of assets under currencies that were not issued in harsh would imply an exceptional movement with respect to its historical portfolio.
How is the spher composed
Then, Its portfolio is valued at US $219,400 millionaccording to official data. Of the total, US $23,500 million correspond to intra -managerial assets within the American system itself. The rest, U $ S195.9 billion, is composed of assets linked to the outside.
Within that foreign segment, about US $ 5,700 million are in foreign currency and active ones called foreign currency, mostly deposits or short -term investments (up to 3 months) in euros and yen. On the other hand, U $ S173.7 billion correspond to Special Rights of Giro (DEG) of the IMF, an international reserve asset that functions as a basket of global currencies.
Besent Treasure USA
Gentileness: The country
In turn, About US $16,500 million are invested in foreign governmental or long -term government values, also exclusively called euros and yen.
Thus, it can be observed that the spHor does not have assets called dollars out of the US, nor does it currently maintain direct exhibitions to emerging economy coins, such as the Argentine weight. Its entire foreign portfolio is concentrated in euros and yen, which marks a very conservative profile and focused on strong coins.
The announcement of green that painted the Argentine assets green
In the previous Javier Milei’s trip to the northern country, Donald Trump’s official said they are “willing to do what is necessary” to support Argentina and that includes putting on the table “all stabilization options.”
Thus the variables mentioned are: SWAP lines, direct currency purchases and government debt purchases called in US dollars of the treasure stabilization fund.
It should be noted that the purchase of debt called in dollars of the Argentine Treasury is made through the US exchange stabilization fund and would imply that the effort buys Argentine bonds in dollars, issued under international legislation. This option was already used in the past to support countries like Mexico in 1995 and is only activated with high -level political authorization.
Source: Ambito
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