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ARGENTINA: BCRA Spent $1.6bn Since July To Support Peso In Parallel FX Market

ARGENTINA
  • Bloomberg reports that the central bank has spent around $1.6bn of its reserves to support the peso in the country's parallel FX market since July, according to a central bank presentation dated Jan. 20.
  • The BCRA spent $619m in the first two weeks of January and ~$325m in December.
    • "Argentina Spent $1.6 Billion to Prop Up Parallel FX Since July" - BBG
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  • Bloomberg reports that the central bank has spent around $1.6bn of its reserves to support the peso in the country's parallel FX market since July, according to a central bank presentation dated Jan. 20.
  • The BCRA spent $619m in the first two weeks of January and ~$325m in December.
    • "Argentina Spent $1.6 Billion to Prop Up Parallel FX Since July" - BBG