In recent months, the International Reserves of the Central Bank (BCRA) have been increasing despite strong purchases of foreign currency. In April, the reserves rose by just US$ 451 million. This increase was mainly due to payments to the IMF (US$1,927 million), other net capital payments to international organizations for US$ 521 million, and a decrease in foreign currency holdings of entities in the BCRA by US$ 513 million. The Central Bank’s Exchange Balance released this information on Friday.
The report also mentioned a decrease in commercial indebtedness, a reduction in external assets, or payments made through other mechanisms. Despite this, operations in the exchange financial account of the General Government and the BCRA showed a deficit of US$ 2,404 million in April, mainly due to payments to financial organizations and other financial loans and debt securities. The total gross public debt increased by US$ 11,019 million, with a decrease in debt in foreign currency and an increase in debt in pesos.
Unlike previous months, there was a net outflow of US$ 290 million, primarily due to net interest payments. The “Services” account recorded a deficit of US$ 183 million, 64% lower than the net expenses in April 2023.
In addition to these financial transactions and fluctuations
