Luis Caputo renewed debt for $ 5 billion and absorbs pesos to reduce the monetary base. Economy obtained almost $3 trillion above the maturities of the next few days.
It will buy back debt from the BCRA for the equivalent of 30% of the monetary Base. "Zero coupon" debt has negative real rates -3.48% and 3.47%, respectively. The Government reported that in January there was fiscal balance. "This operation allows us to continue with the process of cleaning up theBCRA's balance sheet," said official sources.