• TRM (USD/COP)COP 3,297.07 +0.83% +COP 27.19Colombia's official exchange rate (Financial Superintendence), valid Nov 11 to Nov 12
  • EuroCOP 3,653.47 -0.36% -COP 13.38Reference: TRM crossed with the European Central Bank rate of Nov 12; not the market quote
  • Mexican pesoCOP 176.40 +0.09% +COP 0.16Reference: TRM crossed with the European Central Bank rate of Nov 12; not the market quote

Argentina's BCRA sold $306 million in dollar-linked notes to contain demand for currency hedging

FinanceInternationaliProfesionalAI summary
Image: iProfesional

Argentina's central bank sold $306 million in dollar-linked notes between Monday the 2nd and Tuesday the 3rd, according to a Portfolio Personal Inversiones report: $143 million on the first day and $163 million the next. The operation aims to meet hedging demand from companies and investors without them buying foreign currency in the exchange market. The data follows a week in which country risk topped 900 points and Argentine bonds posted sharp losses.

In 35 seconds

  • The BCRA sold $306 million in dollar-linked notes between November 2 and 3, according to PPI.
  • Sales were $143 million and $163 million on each day.
  • The mechanism allows positions to be hedged without buying dollars in the exchange market.
Read the full story at iProfesional

IASummary generated by artificial intelligence from a story by iProfesional. It may contain errors: the original source prevails.

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