How much and how long does the government have to buy dollars to the Central Bank

The recent announcement of the Government On the non -intervention of the Central Bank in the exchange market, it has generated a significant impact on the price of the dollar, accelerating its collapse. This decision, framed in the agreement signed with the International Monetary Fund (IMF), establishes that the Central Bank (BCRA) will only intervene if the dollar reaches the floor of the flotation band, set at $ 1,000.

This approach has unleashed a series of reactions in the markets and in various sectors of the economy. The signed agreement of the Government With the IMF it contemplates the implementation of a scheme of flotation bands for the exchange rate, with a range that ranges between $ 1,000 and $ 1,400.