Argentina’s governor reflects on reserve management rebuild

Central Bank of Argentina
Banco Central de la República Argentina

Argentina implemented a new reserve management strategy in 2016, assessing trade and external financial shock risks in an effort to obtain higher returns and rebuild international reserves.  

When the administration of president Mauricio Macri came to power in Argentina in December 2015, the nation’s international reserves were at low levels. “In fact, what we called net reserves – that is, our reserves net of our obligation in foreign currency – were negative. A difficult situation in which we

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