Awaiting the visit of the international organization, the official highlighted the exchange and appreciated the “strong performance of the Argentine economy” and the “progress in reserve accumulation”.
Kristalina Georgieva and Luis Caputo in Davos.
Furthermore, Caputo must face a payment of interest to the IMF of $824 million on February 1st, after having paid $4.2 billion to bondholders on January 9th.
“It started at a fast pace, which is very good,” said spokesperson Julie Kozack.
The Minister of Economy, Luis Caputo, and the head of the IMF, Kristalina Georgieva, held a meeting at the World Economic Forum in Davos.
Buenos Aires, January 27 (NA) -- The Central Bank of the Argentine Republic (BCRA) bought another $32 million today and raised reserves to $45.779 million.
In this way, the financial entity continues its buying streak and is on track to bring reserves to $46 billion, something that had not happened since September 2021.
In particular, this Tuesday the BCRA acquired $32 million, held its seventeenth consecutive round of purchases, and closed at a level of $45.779 million.
Compared to Monday, reserves rose by $39 million net. The price of gold also influenced the increase in reserves: the Government owns 1.98 million troy ounces and its price exceeded $5,000.
According to what Argentine News Agency learned, the entity led by Santiago Bausili has acquired $1.049 million in the Free Exchange Market (MLC) since the “phase 4” of the monetary program began. It also indicated that it will buy up to 5% of the daily volume traded in the market.
In this sense, the president of the Central Bank emphasized that the monetary entity could obtain up to $10 billion in the year, depending on the increase in the monetary base relative to GDP (Gross Domestic Product).
The Central Bank announced that the dollar's floating bands will be updated for inflation.
“We buy more dollars than any other administration,” Bausili said during the presentation of the monetary program, last December.
And indeed, reserve accumulation was something that the International Monetary Fund (IMF) emphasized in its latest conferences.
