According to Central Bank, capital flight slowed in October

The flight from the capital he entered October at USD 1,163 million, by marking a slowdown in the starting paceand climbed on what spends the year at US $ 25.960 millionwhile people bought $ 900 million, minimum level since the exchange rate was released in December 2015. This was reported on Monday central bank by disseminating the report Evolution of the foreign exchange market and balance of exchange October, the month in which he badumes the presidency of the entity, Guido Sandleris.

The entity said that the formation of external badets, known as capital flight, was the lowest of the year and was far from the record US $ 4,616 million recorded in last May, in the middle of a monetary crisis.

According to the report, human resources have reported a minimum amount of US $ 900 million since the relaxation of foreign exchange regulations in December 2015. "Real estate and institutional investors, among others, achieved net sales currency in October, the behavior they had since May, "explained the entity.

On the other hand, he pointed out that "the exchange rate has always remained in the non-intervention zone, so the Central Bank has not participated in the foreign exchange market and has not carried out only direct sales to the National Treasury, which used the funds obtained to face different bonds in foreign currency ".

The capital and financial account recorded a surplus of US $ 5,013 million, mainly due to disbursements by the International Monetary Fund (US $ 5,668 million). In October, trading volume on the foreign exchange market amounted to $ 44,506 million, up 2% from the previous year, the BCRA said.

"This total meant returning to a daily level of 2,000 million US dollars, similar to that of October 2017, after the peak observed during the months of currency instability," he said. The nonfinancial private sector (SPNF) balance significantly reduced net outflows compared to previous months (down 62.8% from September). .