BCRA shores up dollar reserves for first time since April
Argentine central bank buys FX as new exchange rate regime kicks in
Argentina’s central bank has bought dollars on the foreign exchange market for the first time in nine months, as it looks to strengthen its reserves position while the country’s new exchange regime takes effect.
In a social media post on January 5, the Central Bank of Argentina (BCRA) announced that it had purchased $21 million in the FX market, thereby boosting its total international reserves to $43.4 billion.
The move came three days after Argentina’s exchange rate reform took effect. The peso
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