The Central Bank of the Argentine Republic (BCRA) announces the signing of an exchange stabilization agreement with the United States Department of the Treasury, for an amount of up to USD 20 billion.
The objective of this agreement is to contribute to the macroeconomic stability of Argentina, with special emphasis on preserving price stability and promoting sustainable economic growth.
The agreement establishes the terms and conditions for carrying out bilateral currency swap operations between both parties. These operations will allow the BCRA to expand the set of monetary and exchange policy instruments available, including strengthening the liquidity of its international reserves, in line with the regulatory functions established in its Organic Charter.
This agreement is part of a comprehensive strategy that reinforces Argentina’s monetary policy and strengthens the Central Bank’s ability to respond to conditions that may lead to episodes of volatility in the exchange and capital markets.
