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Sergio Massa is meeting with representatives of banks and investment funds in the midst of the fall in reserves and the rise in the dollar


It will give you details of the latest financial measures to try to reduce the pressure on financial dollars.

The Minister of Economy, Sergio Massa, leads from 9.15

a meeting with representatives of banks, insurance companies and investment funds

to provide details of the latest financial measures to reduce the pressure on financial dollars.

The package

includes an exchange of US$ 4,000 million

, in bonds, under foreign law (global or GD) that are in the power of national public sector organizations for titles in pesos and the incorporation of bonds in dollars under local law (bonares or AL) in the CCL dollar operation.

On behalf of the Government, in addition to Massa, the Secretary for Economic Policy, Gabriel Rubinstein;

the head of Advisors of the Ministry of Economy, Leonardo Madcur;

the Finance Secretary, Eduardo Setti;

and the director of INDEC, Marco Lavagna. 

In this way, it seeks to give greater depth to the market with which the CCL dollar is operated -which is currently exclusively enabled for GD29, GD30, GD35 and the rest of the global series- and, at the same time, provide instruments to the Treasury and to the Central Bank to act in the financial exchange market to avoid jumps in the gap.

The new regulations will become effective through resolutions of the Central Bank, the National Securities Commission (CNV) and the National Insurance Superintendency, which will be published in the Official Gazette.

News in development

look also

Due to the loss of reserves, Sergio Massa now uses ANSeS dollar bonds

Dollar today and dollar blue, LIVE: how much is it trading at and what is its price this March 22, minute by minute

Source: clarin

All business articles on 2023-03-22

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