Through March 9, 10,000 SMEs with debts of up to US$500,000 will be able to access dollars through a schedule established by the Economy Ministry. The Central Bank made the decision days ago as demand for series 1 BOPREAL bonds improved, mostly from big businesses. That accounts for almost 80% of SMEs and over 70% of registered companies, according to the Central Bank. Central Bank dollar purchasesThe other factor at play is the Central Bank’s purchases, which are inspiring greater confidence. That’s putting pressure on the exchange rate.

Source: Bueno Aires Herald February 16, 2024 01:43 UTC