Thursday, April 23, 2015

Central Bank reserves reach highest mark since November 2013

This file photo shows the Central Bank (BCRA).

The Argentine Central Bank (BCRA) has informed its reserves reached 32.675 billion dollars, the highest mark since November 2013, thanks to the 1.415 billion dollars that entered the institution following Tuesday’s Bonar 2014 bond sale.

In November 12, 2013, reserves had reached 32.624 billion dollars.

President Cristina Fernández de Kirchner revealed earlier today the Central Bank received the dollars from Tuesday’s bond offering, during her official visit in Russia.

Kicillof announced on Tuesday from Moscow that 1.415 billion dollars were raised through the auction of Bonar 24 bonds, easily surpassing the original target of 500 million dollars set by the government.

Commenting on the recent news, Central Bank head Alejandro Vanoli said in his Twitter account that today is a “very important day for Argentines,” and added the federal government does not discard a new bond offering.