The Government achieved a significant breakthrough in the rebuilding of international reserves, in a context marked by the temporary elimination of export duties that boosted the settlement of foreign currency by the agricultural export sector. The Treasury took advantage of this flow to purchase nearly USD 700 million, which provided immediate relief for external accounts.
Yesterday, approximately USD 1,000 million from exporters entered the market, of which the Treasury acquired about USD 300 million. The volume was similar to that recorded on Wednesday, and the figure is expected to increase at the beginning of next week, since the agricultural sector still has a wide margin for settlement.
An inflow that strengthens stability
According to private estimates, the Treasury has accumulated purchases of USD 700 million during the week and could add even more, since around USD 5,000 million in foreign currency remains pending to be received. Most of that amount will be settled between today and Monday, which ensures an immediate reinforcement of reserves.
