New high for reserves a sign of 'growing confidence' in Argentina – Sturzenegger
Reserves breach $40 billion mark after treasury bond sale and climbing export levels
For the first time in more than three years, Argentina's international currency reserves have risen above $40 billion, after large inflows from exports and government-issued debt resulted in a dramatic increase in accumulation over the past week.
On October 20, the Central Bank of Argentina posted a figure of $40.6 billion – 63% higher than the $24.9 billion held by the central bank when Argentinian president Mauricio Macri was inaugurated in December the previous year.
"I have insisted the
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