New high for reserves a sign of 'growing confidence' in Argentina – Sturzenegger

Central Bank of Argentina
Central Bank of Argentina
Banco Central de la República Argentina

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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