Argentina's Central Bank USD Reserves continue to Fall

[earlyretirement]

I post daily on X about how the Argentina Central Bank can't build up their reserves even during harvest season. This is concerning. Even with all the austerity measures they can't build up reserves with all their debt.

Their Gross Reserves stand at $38.602 Billion USD.

 

[Wally]

I post daily on X about how the Argentina Central Bank can't build up their reserves even during harvest season. This is concerning. Even with all the austerity measures they can't build up reserves with all their debt.

Their Gross Reserves stand at $38.602 Billion USD.

I read your posts daily on X. You have the best content on Argentina. You make great points about their net and gross reserves. I wonder if they can't build them now I wonder what the rest of the year will look like?

Without this IMF cash I wonder what the exchange rate would be?

 

[Avocado]

I read your posts daily on X. You have the best content on Argentina. You make great points about their net and gross reserves. I wonder if they can't build them now I wonder what the rest of the year will look like?

Without this IMF cash I wonder what the exchange rate would be?

Without the IMF and other loan we are in big trouble. We are in big trouble.

 

[Larry]

Without the IMF and other loan we are in big trouble. We are in big trouble.

View attachment 9326

Only a matter of time when it all ends.

 

[Uncle Wong]

Saw this on X.

 

[Nasdaq]

Just saw that it fell again today. What is going on? I guess this explains why the blue dollar is heading back up again. @earlyretirement what do you think will happen before the elections? I follow you on X and I am amazed how accurate you are. How do you do it? I saw you started buying again in July 2023 right at the bottom! Crazy accurate!

 

[Avocado]

It keep going down everyday. Watch before election. I think we see the limit of higher blue dollar.