Argentina’s central bank sold $599 million, the most foreign reserves in one day since October 2019 after officials eliminated a key tax on imports, igniting corporate demand for dollars.The sale exposes some faults in President Javier Milei’s campaign to re-build the country’s war chest of foreign reserves that are essential to eventually lifting capital and currency controls next year.
December 26, 2024
SOURCE: YAHOO FINANCE
Argentina Sells Most FX Reserves Since 2019 on Importer Demand