The Chinese swap has been finalized and central reserves rise – 12/17/2018


Revenues from the swap with China increased the Central Bank's reserves. The entity received 60 billion yuan, the equivalent of US $ 8,725 million. This number was to increase the reserves of the Central Bank, which US $ 58,616 million.

In the entity also was satisfied with the progress of its program of "monetary aggregates", with which seeks to appease the demand for pesos, withdrawing money from the market.

The purpose of the Central Bank of December is to have money in circulation for $ 1.351 billion, on average for the entire month of December. It is 6.3% more than the target calculated for the previous months. Payments of bonuses, pensions and social benefits are usually made in the third and fourth week of the month, indicated by the entity to justify a "transitory" expansion of those days.

In any case, the BCRA "plan to find" the target at US $ 16 billion, according to the Central Bank. That is, you can withdraw a little more money from the square than you planned.

The BCRA did not participate in the foreign exchange market, although its reserves also grew US $ 38 million due to fluctuations in its assets.

The "blue" dollar was obtained yesterday at $ 38.50, below the "official" dollar.


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