Good news for c bank but weaknesses continue

FEATURE - The Central Bank had quite a good day on 3 April, managing to hold the dollar down to 2.8 pesos but also increasing its reserves by 4m dollars.

Source: Ambito Financiero, Buenos Aires, in Spanish 4 Apr 02 p 6.

Another encouragement for the bank was that the total amount of bids tendered at the auction of Treasury bills, 142.6m pesos, was almost double the amount auctioned. However, the money supply is still expanding and as at 27 March exceeded 14bn pesos. Also, during March, the ban

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