Buenos Aires, April 15, 2019. The Ministry of Treasury announces it will begin with daily auctions, through the Central Bank of the Argentine Republic (BCRA in Spanish), to allocate dollars received within the framework of the Stand-By Agreement with the International Monetary Fund (IMF). The objective of the auctions is to enable the Ministry of Treasury get the necessary pesos to cover the expenses the Treasury has in local currency.
The Ministry of Treasury has informed to the BCRA it is willing to sell 60 million dollars per day until it reaches a total of 9.6 billion dollars.
The BCRA will inform the details of the auction and the results.