The IMF's board of directors will meet on April 5 and determine when it releases the transfer of US $ 10 870 million that the government needs

The ruling party expects these funds to begin the system of interventions with $ 60 million a day.

The International Monetary Fund will discuss Friday next week the new installment to Argentina for $ 10,800 million. Once the agencies' dollars have been delivered, the Ministry of Finance will launch the system of selling foreign currency on the market for $ 60 million a day.

According to confirmed IMF sources at TN.com.ar, the planned date for the meeting of the Board of Directors chaired by Christine Lagarde and to which member countries will be represented will be April 5.

In accordance with the usual protocol of the organization, before allowing currency exchange under a financial badistance program such as the one signed with Argentina, the IMF proceeds with first to a technical review by the Fund's economists at the end of February. Buenos Aires, a report is prepared on the economic situation and it is elevated to the repertoire. Once this body, which is the one making the decisions, gives the green light, the disbursement takes up to 48 hours to be accredited.

Once the Treasury has received this new flow of dollars, it will be able to launch the daily currency trading program that it has agreed with the financial institution. "The exact date on which it will start has not been confirmed yet," said the Ministry of Finance, who will be in charge of operations, at this site.

In total, the government will release $ 9600 million, from the surplus dollars that the executive branch will have this year as a result of previous IMF deliveries in 2018 and a lesser need for foreign currency to pay the debt While the Treasury realizes a high renewal of the Letters which are tendered once every two weeks.

The Treasury's daily supply, which will rise to 60 million US dollars, will be less than the amount usually used on the foreign exchange market. On Tuesday, for example, they were about $ 648 million. If the dollar floats below the exchange rate, sales will not be interrupted but will be bought directly by the Central Bank.