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CB reserves once again exceed US$50 B
Buenos Aires Herald
July 09, 2010

International reserves once again exceeded the US$50 billion mark, boosted by an intervention to the Central Bank by the market in a record purchase of US$262 million.

The monetary entity detailed that the reserves closed at US$50.162 billion, US$286 million more than Wednesday's closing, according to Economy Ministry sources.

The Central Bank's intervention was what made the difference, due to the strong foreign exchange settlement on behalf of the agro export sector, since the variation of the Argentine currency before the US currency, along with the external bonds that make up the reserves, drew a negative balance.

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