Central Bank

Why that assessment exaggerated? Because the BCRA wants to prove that you have enough firepower to not re-produce a run on the peso as is customary in Argentina’s history whenever there is uncertainty both political and financial reasons, and that has been made economic plans, governments and helicopters (and had to flee a democratic president in the 2001 when he exploded the government could not even walk out the door of the House of Government). In the fortress and exaggeration is the message. About $ 2 billion of reserves have gone down during this episode government BCRA-field to meet the public demand for dollars. These reserves are now below the $ 48.5 million, 4% less than when the conflict started (U.S. $ 50.5 million).

Private sector deposits declined about AR $ 6,000 million, in just one month, according to the Center of Economy and Finance for Development in Argentina (Cefid-Ar). Was also the biggest drop in the last six years in private sector deposits (4.9% in current accounts, 6.5% for savings and 4.2% at fixed). The funds we leave. After the turn of the agricultural sector is the turn of the industrial sector demand for low profitability resulting from a dollar appreciated. A dollar yesterday reached AR $ 3.09 to play. While it is expected to be only temporary and then resume pre-conflict levels, there are many rumors that the Central Bank’s warning would eventually be AR $ 3.00. As we said in “It just benefits devaluation in Argentina.”

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