International Reserves in Argentina
Argentina - International Reserves
Current account surplus narrows in third quarter
The current account recorded a surplus of USD 900 million in the third quarter. The result was lower than the USD 3.2 surplus registered in the second quarter and was also short of the USD 3.7 billion surplus recorded in the third quarter of the previous year. The deterioration compared to the previous quarter was mainly driven by a narrowing trade balance, which fell from a USD 6.0 billion surplus in the second quarter to a USD 3.7 billion surplus in the third. That said, the income balance remained broadly unchanged compared to the previous quarter, which marked a USD 2.5 billion deficit. Meanwhile, the transfer balance deteriorated, dropping from a USD 65 million deficit to a USD 81 million deficit. Finally, while the services balance remained in deficit territory, it improved compared to the previous quarter, recording a USD 281 million deficit, which was up from the USD 320 million deficit recorded in Q2. Despite the positive quarterly reading, the moving annual current account fell from a USD 7.8 billion surplus in the second quarter to a USD 5.1 billion surplus.
Argentina - International Reserves Data
|International Reserves (USD)||30.6||31.4||25.6||39.3||55.1|
5 years of economic forecasts for more than 30 economic indicators.
Source: Argentina Central Bank and FocusEconomics calculations.
|Bond Yield||6.69||0.15 %||Dec 17|
|Exchange Rate||56.01||0.45 %||Sep 04|
|Stock Market||24,665||2.26 %||Sep 04|
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November 14, 2019
Consumer prices rose 3.3% over the previous month in October, coming in well below September’s 5.9% surge, which had marked the second consecutive month of spiking price pressures, according to the National Statistical Institute (INDEC).
November 6, 2019
Industrial production fell 5.1% over the same month of last year in September, according to data released by the National Statistical Institute (INDEC) on 6 November.
November 4, 2019
As had been widely expected, Alberto Fernández, candidate of Everyone’s Front coalition (Frente de Todos), comfortably secured the presidency in general elections held on 27 October.
Argentina: Central Bank sets new interest rate floor and tightens capital controls to limit dollar demand
October 30, 2019
On 30 October, the Central Bank of Argentina (BCRA) set a new temporary lower floor for the LELIQ rate in order to support demand for pesos.
October 27, 2019
On 27 October, the Central Bank of Argentina (BCRA) significantly tightened restrictions on dollar purchases, in a bid to stabilize the exchange rate and limit outflows of foreign reserves following the victory of Alberto Fernández in general elections on the same day. The BCRA slashed the amount of dollars individuals could buy from USD 10,000 per month to USD 200 per month.