Despite the decrease in the last two days of the month, Bcra gross reserves grew in April when they reached an amount of 38,960 million US dollars. This trend was mainly due to the entry of the first expense of the IMF for $ 1,000 million, adding to the World Bank for $ 1,500 million.
On this environment, Gross Reserves fell by $ 138 million, after yesterday they also fell 181 million US dollars, which turned out to be below 39,000 million US dollars. In any case, an increase of 13,908 million US dollars accumulated in April.
In this sense, economist Ricardo Delgado, director of an Analytica consultant, said that the government should put a magnifying glass on key data on the exchange balance in order to avoid complications with the accumulation of reserves.
“They will last little”: Delgado warning to the government to avoid loss of reserves
In the dialogue with Continental Radio, Delgado noted that CEPO did not cause early fears. Nevertheless, he noted that the stability of the economy will depend on the policy picked by the government this year.
Punctually, he warned of the indicator, which could cause complications in the future: numbers that are current exchange account.
Ricardo Delgado put a magnifying glass in reserves and released a warning to the government.
“There is a shortage of current account, those who leave the Central Bank have less dollars. That is, the dollars incoming either from the fact that exporters liquidate their dollars in the central bank, or in dollars that tourists from the border spend in Argentina, this amount is less than the import that we pay to produce to consume and the Argentines that will spend summer abroad.
At this last moment, he added that the data on travel expenses abroad “the most serious”: “In March, almost a thousand seven hundred dollars of the deficit that we had.”
“Then, if we are going to support this scheme for a long time, the dollars of the Central Bank will last little. These twelve thousand (from the fund) plus thousands of five hundred world bank added those that can come from international banks, they will last little, ”he insisted.
Finally, he recommended the Central Bank to “work in an orderly manner and take care of dollars” in order to maintain reserves in a positive area. “Everything will depend on what the government does,” he finished.
