Prior to laundering, the amount of dollars under the mattress was reduced

The data revealed that Argentines residing in the country in the second quarter had US$254,916 million outside the local financial system. The estimated amount outside the local financial system represents a reduction of US$232 million compared to what they had in the previous quarter. In addition, a decrease of US$555 million compared to the end of last year, but an increase of US$10,948 million compared to the same quarter of 2023.

The US$254,916 million What Indec estimates that Argentines had outside the local financial system between April and June is prior to the start of money laundering, Therefore, it is estimated that in the next estimates it will be observed whether there was another reduction as a consequence of the regularization of assets.

In this sense, in recent days, prior to the extension of the RegimeEcoGo estimated that “if the advance of the last week is maintained until the end of the month, the increase in deposits would be US$7.77 billionwhile if the daily volume is doubled (USD 972 million daily) the increase could be up to USD 10,218 million.” The comparison, in that case, would show that the current cash laundering would be, with the criterion of externalized local accounts, slightly more voluminous than Cambiemos, which totaled US$7.7 billion.

Balance of payments and external debt: other data reflected in the INDEC report

Balance of payments

In the second quarter of the year, the current account showed a surplus of US$3.49 billion, according to the report on Balance of payments, international investment position and external debt released this Friday by the official statistics agency.

“This is explained by the positive balances recorded by the balance of goods and services and in secondary income, of US$6,016 million and US$716 million, respectively, partially offset by the estimated negative balance in primary income of US$3,243 million,” he indicated. the report.

The organization specified that the surplus of US$3.49 billion that the current account reached showed an improvement of US$10,068 million compared to the same quarter of the previous year, in which a deficit of US$6,577 million was recorded.

“This improvement was mainly attributed to the year-on-year decrease in imports of goods, which recorded a significant drop of US$5,953 million, and to the increase in exports of goods of US$3,191 million,” he explained.

External debt

“The stock of total gross external debt with debt securities at residual nominal value as of June 30, 2024 It was estimated at US$286,881 millionUS$ 2,762 million lower compared to the previous quarter. “This decrease was mainly due to the drop in the indebtedness of the general government sector for US$2,486 million,” the agency indicated.

At the same time, he specified that “the sectors of non-financial corporations, households and NPISHs and deposit-taking companies, except the Central Bank, also decreased their debt by US$1,030 million and US$358 million, respectively.”

Likewise, other financial companies showed a decrease in debt of US$ 131 million. In contrast, the indebtedness of Central Bank increased by US$ 1,243 million in the second quarter of the year, according to the official report.

Indec also pointed out that “the stock of total gross external debt with debt securities valued at market value was estimated at US$248,378 million and registered a reduction of US$378 million compared to the previous quarter”, while the indebtedness of the BCRA and the general government increased by US$911 million and US$194 million, respectively.