Álvarez Agis in Alberto F .: The plant has only $ 14,760 million in cash

Through the consultant pxq, Emmanuel Álvarez Agis, economic reference of the Front of all, pointed out that the late reaction of the Central Bank, Monday 12/08, was due to the fact that "This has stabilized the exchange rate to a level that allows international reserves to be managed until the change of mandate.".

In any case, he warned that the monetary authority is becoming weaker: "Even if the foreign exchange market could stabilize around 55 USD and this is the stated purpose of the BCRA, the BCRA's reserve position is becoming weaker. ". According to their number, since PASO, it has already lost $ 7.416 million in reserves.

After calculating the gross reserves, the swap with China, the dollar reserve deposits, the open futures position and the treasury sales for the next 6 months, as of August 21, the reserves were close to US $ 14.760 million..

According to the report to which the specialized newspaper Ámbito Financiero could have access, PxQ insists that before the elections, the public debt (net of estimated public sector badets) recorded maturities of nearly 11,000 millions of US dollars, to which other United States 6,000 million dollars until the end of the year. In receipts, IMF disbursements are expected to rise to some 6.5 billion USD during this period. It should be noted that these maturities are calculated in dollars (whether paid in US dollars or pesos) and are based on the (extreme) badumption of no refinancing of short-term debt, in order to have the worst scenario.