Reported 1 day ago
Argentina's central bank sold $599 million in foreign reserves, the highest amount since 2019, following the removal of a key import tax that spurred demand from businesses, particularly in the automotive sector. This move raises concerns about the administration's strategy to rebuild essential foreign reserves while facing upcoming international bond payments totaling around $9 billion in 2025. Central bank officials indicated intentions to adopt a more flexible currency policy in the coming year, contingent on reduced inflation.
Source: YAHOO