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Central Bank intensified intervention in the future dollar market

The directory of BCRA can not cope. Fight tooth and nail against the currency onslaught, for now, without great results. It is as if they are at the Alamo, waiting for reinforcements from the economic team. Meanwhile, grab whatever ammo is available. Hence, it has intensified its interventions in all markets. In the spot or cash it is still a net seller, but after the last measures in lower doses. Even so, so far this month it has sold, net, to the private sector u $ s679 million as of October 20. It should be noted that since the quarantine was implemented almost at the end of last March, the BCRA has accumulated net sales of US $ 4,487 million; This represents about 11% of the total stock of the Bookings international In the last four months, including so far in October, these net sales or interventions in the spot market totaled US $ 4,144 million, which reflects the effectiveness of the successive controls and restrictions.

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