The purchase of dollars touched in October the minimum since the end of stocks

The central bank it spreads every month on balance of the foreign exchange market. In October, monetary authorities pointed out that, despite the fact that the agricultural sector had a settlement of 1300 million USD, it fell 21% year-over-year due to the impact of the harvest. In addition, the purchase of notes by savers has hit the minimum since the release of stocks.

The points BCRA indicates are:

• In October, the businesses of the real sector were sellers net of currencies for about you$ 1400 million.

• Within this group, the main sector with a net supply in historical terms ",Oilseeds and cereals", Had net sales for about $ 1300 million, with a annual decrease of 21%possibly caused by the drought that affected its main crops at this year's harvest.

• The rest of companies of the real sector ("Other in the real sector") realized a net turnover of approximately you100 million dollars, reversing its historical behavior as net plaintiffs in the market. The difference with the net purchases for $ 2200 million October 2017 is mainly explained by the brake on imports of the last months.

• The "People", Which essentially require foreign exchange for hoarding and foreign travel, bought net 900 million USD, minimum level since the easing of the exchange regulations in December 2015 and less than half of the level of October 2017.

• The "Institutional and other investors", Residents and non-residents, had a net demand of 600 million US dollars, which is one third of the average monthly net outflow they have had since the beginning of the currency instability last April.

• The exchange rate always stayed in the "non-intervention area", Therefore the The central bank did not participate in the foreign exchange market and only made direct sales to the National Treasury, which used the funds obtained to deal with different foreign currency bonds.

• The foreign exchange account, which includes the net result of foreign exchange transactions recorded in net exports of goods and services, as well as primary and secondary incomes as defined in the balance of payments definition, $ 374 million deficit, with a $ 1,900 million reduction as regards the deficit of October of the previous year.

• The capital and financial account of the "Non-financial private sector"(SPNF) had a deficit of about 1,300 million USDWhat? he dropped about 2100 million US dollars compared to the monthly average of first nine months of 2018essentially by the reduced fees because of a portfolio change for both residents and non-residents and for higher income Non-resident direct investment and financial debt.

• Capital and financial account transactions of "Financial sector"Result in a deficit of about 1 billion USD, essentially explained, by the increase in external badets liquidity of the entities that make up the general exchange position and for the primary underwriting of securities.

• The capital account and foreign exchangethe public sector and BCRA have resulted in a surplus of about 6600 million USD, mainly explained by the disbursement of the second tranche of the confirmation program agreed with the IMF by $ 5668 million and for the entry of the Treasury's currencies for the net investments of LETES for about 1100 million dollars.

• As a consequence of the movements described, the international reserves they increased by US $ 4952 million, ending the month with a stock of $ 53.955 billion.