The Central Bank of the Argentine Republic (BCRA) carried out two significant operations that reflect the complex economic situation of the country and its relationship with international organizations. On the one hand, the BCRA bought almost USD 200 million in the exchange market, and on the other, it paid USD 756 million to the International Monetary Fund (IMF) in interest.
These actions have important implications for Argentina’s international reserves and economic stability. He BCRA managed to acquire USD 194 million in the exchange market, marking the largest daily purchase since May 16, 2024.
This intervention occurred in a context of greater supply of foreign currency, driven mainly by the agro-export and mining sectors, which contributed significantly to the increase in the availability of dollars in the wholesale market.
The purchase of foreign currency by the BCRA It is a strategy used to strengthen international reserves and stabilize the exchange rate, avoiding sudden fluctuations that could affect the economy.
Simultaneously, the BCRA made a payment of USD 756 million to the IMF, corresponding to an interest maturity of the current extended facilities program. This payment is part of the commitments assumed by Argentina within the framework of the agreement with the IMF, which seeks to provide financial assistance to the country in exchange for the implementation of specific economic policies.
Compliance with these payments is crucial to maintaining the relationship with the IMF and ensuring the financial support necessary to face economic challenges. The gross international reserves of the BCRA were affected by these operations.
Reservations
Despite the purchase of foreign currency, reserves fell by USD 754 million, standing at USD 29,677 million. This decrease reflects the impact of the payment to the IMF, which exceeded the amount acquired in the exchange market.
International reserves are a key indicator of a country’s ability to meet external obligations and maintain economic stability. A reduction in reserves can cause concern among investors and affect confidence in the economy. These operations of BCRA They occur in a context of high economic and political volatility in Argentina.
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