Reservations fall for the payment of the pension | About the rain …

The Ministry of Finance paid Tuesday maturities of $ 2615 million in debt from international banks. This makes it possible to recover the obligations left in guarantee to these banks. Friday in the market, they badured that certain public values ​​had been executed as a guarantee of the non-payment of these debts.

The reimbursement of Repo implies a further decline in international reserves exceeding $ 2600 million. This occurs at a time of strong weakness in the currency stock of the monetary authority. For example, $ 4,000 million was lost last week and more than $ 6,000 million last month. Currency indentation increases tensions in the market and decreases the Central Bank's response capacity.

The payment of $ 2615 million made it possible to recover bonds with a nominal value of $ 12,810 million. During the operation, Bonar 2024 was purchased for 5984 million euros, Bonar 2025 for 4019 million euros and Bonar 2037 for an amount of 2842 million euros, according to the portfolio now in charge of Hernán Lacunza.

Last Friday, the Treasury was facing a problem with the expiration of this debt. The officials did not agree on the mandate and ended up performing certain guarantees. Finally, on Tuesday, disbursements were made for the conclusion of credit agreements. The fact that the banks demanded payments is another sign of distrust of the financial sector with regard to an increasingly weak government.