Argentina gets reserve boost with $2 billion repo deal
BCRA also introduces measures to strengthen control over money supply
The Central Bank of Argentina (BCRA) has announced measures to strengthen its dollar reserves and reduce the money supply.
In a press release yesterday (June 9), the BCRA said it would conduct a round of dollar repurchase agreement auctions with “international banks” on June 11. This, it said, was expected to add up to $2 billion to Argentina’s reserves.
This will be the second time this year that the BCRA will have conducted dollar repo auctions with private investors, having previously secured
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