Gold price decline wiped USD 1.8166 million off the Argentine central bank's reserves from the year's peak
The gross reserves of the Central Bank of Argentina totaled USD 48,565 million as of October 31, USD 6,377 million more than at the start of January. The BCRA kept its 1.98 million troy ounces of gold unchanged, but the drop in the international price of the metal cut the value of those holdings by USD 1,816.6 million (19.1%) from the February 28 peak. Gold fell from about a fifth of reserves to 15.9% of the total.
In 40 seconds
- The BCRA's gross reserves reached USD 48,565 million as of October 31, USD 6,377 million above the start of January.
- The 1.98 million troy ounce holding was unchanged, but its valuation fell from USD 9,521 million on February 28 to USD 7,704 million on October 31.
- Gold's share of reserves declined from about a fifth of the total to 15.9%.
Read the full story at Infobae
IASummary generated by artificial intelligence from a story by Infobae. It may contain errors: the original source prevails.
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