Economy Country October 24, 2024

Dollars from Money Laundering Move the Currency Market

The influx of dollars from money laundering stabilizes the currency market. The Central Bank acquired US$ 40 million, increasing reserves to US$ 28.515 billion.


Dollars from Money Laundering Move the Currency Market

Today in the foreign exchange market, the influx of dollars from the Capital Amnesties marked the day. The dollar closed stable at $1,195 in the Cash with Settlement and at $1,161 in the MEP. On the other hand, selling pressure caused the 'blue' dollar to drop by 1.2%, bringing it to $1,230 in a market with few transactions.

The Central Bank continued with its purchases and acquired US$40 million, raising reserves to US$28.515 billion, above US$28.407 billion on Tuesday. So far this month, reserves have increased by US$1.348 billion.

The consulting firm EcoGo emphasized that the local context is favorable for the Government, as the BCRA is buying dollars in the Unique and Free Exchange Market, thanks to the positive financial flow mainly driven by the capital amnesty. Meanwhile, the monetary entity carried out a slight devaluation of 0.05% for both the National Bank dollar, which closed at $1,005, and the Tourist dollar, which reached $1,608.