BUSINESSTHE RIO TIMES
Argentina Hit Its Dollar Target Early. The Catch Is Net Reserves
Argentina's central bank met its annual dollar-buying target in six months by purchasing over $10 billion. Economy Minister Luis Caputo noted the potential to buy up to $24 billion at the current pace, but the catch is that these purchases don't reflect net reserves.
Mentioned
Related Signal
Adjacent reporting
- China extends gold-buying binge to 20th month amid Beijing’s de-dollarisation push
- China extends gold-buying binge to 20th month amid Beijing’s de-dollarisation push
- Capital B boosts Bitcoin reserves with $15.2M purchase
- Jamie Dimon says JPMorgan could spend up to $20bn on a new acquisition
- Binance Says Treasury Sent Letter Over Monitorship of Exchange
- BofA Says Buy US Treasuries That Have Lagged Broader Iran Rally