Central Bank forced to sell dollars for the first time to the management of Guido Sandleris

The hard electoral backlash that the President has received Mauricio Macri caused nervousness on the foreign exchange market and forced central bank sell cash dollars for the first time to the management of Guido Sandleris, as indicated by two people with direct knowledge.

The agency alone offered $ 50 million to the market to defend the value of the peso and eventually put them at the an average price of 55.4310 for a dollar. This offer is in addition to the 60 million USD sold daily by the BCRA on behalf of the Treasury through an agreement with the International Monetary Fund. Despite this, the peso fell again to 57.1788 / USD at 12.52pm. local hour

The last sale of dollars from the Central Bank took place on September 24, 2018.