The Central Bank started March with large purchases of foreign currency in the official exchange market, helping gross reserves to exceed 28 billion dollars again. The positive balance for the BCRA this Wednesday was 245 million dollars, adding to the 1.436 billion dollars acquired in February. Thus, the accumulated net purchases of foreign currency so far this year reach 3.429 billion dollars. Despite these purchases, the increase in gross reserves was just 23 million dollars, closing the day at 28.018 billion dollars.
According to the Central Bank, the surplus of foreign currency was used to maintain the wholesale exchange rate at the day's lows, placing it at 1,064.25 pesos with a daily decrease of 0.5 pesos. On the other hand, financial dollars operated upward but did not recover from the collapse of 579 million dollars recorded last Friday.
Analysts from PR Currency Brokers noted that after the holidays at the start of the week and month, an increase in dollar inflows was observed in the official exchange market, allowing for a significant purchase by the Central Bank to replenish part of the sales from the last day of February.
In this sense, the blue dollar decreased by 0.4%, reaching 1,205 pesos on the buying side and 1,225 pesos on the selling side. Meanwhile, the MEP dollar with GD30 and the Cash with Settlement (CCL) through Cedear ended the day with increases of 0.6% and 1.8%, exceeding 1,235 and 1,241 pesos respectively.
