Ex-BCRA chief: Argentina missed window to rebuild reserves
Authorities could have bought more dollars during prime export season, argues Martín Redrado
Argentina should have purchased more dollars in recent months to rebuild its foreign exchange reserves, a former president of the country’s central bank has argued.
In an interview with Central Banking on July 14, Martín Redrado, who led the Central Bank of Argentina (BCRA) from 2004 to 2010, noted that the country normally had its strongest dollar inflows during the second quarter of the year.
“The central bank didn’t take this opportunity to accumulate reserves,” he said. “And now it is in a
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 info@centralbanking.com or view our subscription options here: subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com test test test
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com test test test
More on Reserves
Kazakhstan establishes crypto portfolio in reserves
Central bank says it could spend “up to” $300m from gold and FX income
Working group minutes: rethinking dollar reserves
Central banks are seeking ways of mitigating geopolitical risk while maintaining dollar exposures
Bolivia negotiating $9bn loan to boost reserves – minister
No exchange rate reform in near term as government focuses on stabilising economy, says Espinoza
CNB digital asset portfolio is about real learning, says Michl
Governor says bank is not looking to simulate reality but ‘touch it’ with experimental bitcoin holding
Reserve managers’ environmental plans choked by dearth of data – panel
Central Banking Autumn Meetings hear blended finance is growing green bonds in emerging economies
Reserve managers in Americas aim to be ‘more daring’
Central Banking Autumn Meetings: managers look to diversify assets, jurisdictions, currencies and counterparties
De-dollarisation is neither myth nor the whole story – panel
Reserve managers tell Autumn Meetings they are unconvinced by stablecoins
More independent central banks hold fewer dollars – research
De-dollarisation benefits Singaporean and Korean currencies, while Australia’s and China’s lose out