Net reserves are negative US$ 11 billion and are at the same level as Alberto Fernández delivered

[Larry]

I guess this means Milei isn't winning any Nobel awards? 🤣🤣🤣

Las reservas netas son negativas en US$ 11.000 millones y están en el mismo nivel que entregó Alberto Fernández

El Banco Central acumula reservas negativas por US$ 11.000 millones. El FMI presiona, el swap no alcanza y crecen las dudas post 26-O.

eleconomista.com.ar

 

[Uncle Wong]

I heard that is a very left leaning website. Still I wonder if this fake news or real. I do agree that Argentina can't just depend on getting billions in bail outs every 6 months. That does not seem sustainable.

 

[crypto]

Saw this on X and seems like an accurate take. Argentina is struggling to build up net reserves.

 

[jbeas176]

i see way too many figures to have confidence in any one of them. the last one i read said they were 10 billion to the positive. oh well

 

[crypto]

i see way too many figures to have confidence in any one of them. the last one i read said they were 10 billion to the positive. oh well

Thats why I posted that article. It went pretty in depth in stripping out the actual net reserves when all is paid back and all the debt is paid. It was shocking how little net reserves they have. And like the article said, much of that cash they can't actually tap into.

Like anything in Argentina you never know the actual truth. I saw they won't even release the terms of the currency swap which isn't a good sign.

 

[Betsy Ross]

Thats why I posted that article. It went pretty in depth in stripping out the actual net reserves when all is paid back and all the debt is paid. It was shocking how little net reserves they have. And like the article said, much of that cash they can't actually tap into.

Like anything in Argentina you never know the actual truth. I saw they won't even release the terms of the currency swap which isn't a good sign.

There has always been a lack of transparency here. That is one thing that Milei would do well to change but agree not good that they keep that private.