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The Central Bank bought dollars again, and reserves reached their highest level in almost seven years.

World 1 source 1 country 🔦 Under-reported 44m ago

The Central Bank of the Argentine Republic (BCRA) continued its streak of foreign currency acquisitions for the fifth consecutive session, purchasing USD 28 million on Tuesday. This latest intervention has contributed to a significant growth in international reserves, which have now reached their highest level in nearly seven years.

This trend of accumulation marks a notable milestone for the current administration's monetary management. The sustained buying streak reflects the bank's ongoing efforts to bolster its foreign currency holdings, strengthening the country's reserve position to a point not seen since early 2018.

In-depth summary · AI, neutral
Read the full story at the source Infobae (Buenos Aires, Argentina) · AR
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