Argentinian central bank takes drastic action over currency crisis

The Central Bank of Argentina
The BCRA's headquarters in Buenos Aires
Javier Pierini

The Central Bank of Argentina (BCRA) announced a set of extraordinary measures on August 13 to stabilise the peso amid increasing volatility in emerging markets.

Its actions included a 500-basis point rise in the country’s policy rate, a halt to daily currency auctions, and a pledge to stop issuing short-term debt instruments by December.

The BCRA’s monetary policy committee (Copom) decided unanimously to increase the key seven-day liquidity rate to 45% from 40% in an unscheduled meeting. The

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: