Buenos Aires, January 15 (NA) -- The Central Bank of the Argentine Republic (BCRA) continues to accumulate reserves, and so far this year it has purchased over US$560 million, something that the International Monetary Fund (IMF) highlighted this morning. As confirmed by the Argentine News Agency, the entity headed by Santiago Bausilise made another US$47 million in the foreign exchange market. As of the close of this Thursday, the Central Bank has accumulated US$44.646 billion: since the new exchange scheme was implemented, it has bought US$562 million in nine trading rounds. In the 'phase 4' of the monetary program, the financial entity is allowed to buy up to 5% of the daily volume traded in the market, something that seems to have been surpassed. The Central Bank bought US$47 million. To date, these figures are the three lowest purchases of the month: US$9 million (January 7), US$43 million (January 9), and US$47 million. 'The accumulation of reserves began at an accelerated pace, which is very good,' stated the IMF spokesperson Julie Kozack during a press conference in Washington that this agency followed. The Fund has always insisted that the Government establish a continuous process of reserve accumulation. Kozack announced this during Thursday's conference, but without a confirmed date yet.
