For the third time in a row, the Central Bank (BC) will intervene in the exchange rate to hold back the rise of the dollar. The monetary authority will auction, in Brasília, this Monday (15) up to US$3 billion of international reserves with a repurchase commitment, when the money is bought back into reserves months later.
According to a statement issued by the BC on Friday night (13), the monetary authority will hold an auction worth up to US$3 billion during the morning. The buyback operation, in which the money will be reincorporated into international reserves, will take place on March 6, 2025.
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On Thursday (12), the BC sold US$4 billion of international reserves. At the time, the auction also took place in the form of line auctions, as sales with repurchase commitments are called.
Holding the quote
On Friday, the BC sold another US$845 million to maintain the exchange rate of the North American currency. The auction took place in a spot format, in which the BC disposed of part of the international reserves without repurchasing the resources.
The intervention on Friday took place during the afternoon, when the North American currency reached R$6.07. The price slowed down and closed at R$6.03. Even so, the currency ended the day with an increase of 0.43%, remaining above R$6.
