In recent months, despite strong purchases of foreign currency, the International Reserves of the Central Bank (BCRA) only increased by US$ 451 million in April. This was primarily due to payments made to the IMF totaling US$ 1,927 million, other net capital payments to international organizations for US$ 521 million, and a decrease of US$ 513 million in foreign currency holdings of entities in the BCRA, according to the Central Bank’s Exchange Balance released on Friday.
Last month, there were net income of US$2,737 million in foreign trade, driven by export charges of US$5,896 million, partially offset by import payments of US$3,159 million, which were 41% lower than the same month in the previous year. The report indicates an increase in commercial indebtedness and a decrease in external assets.
The sector of ‘Oilseeds and cereals’ saw foreign currency sales totaling US$ 2,008 million in April