Government faces US$800 million IMF payment, eyes Central Bank dollars
Treasury has an interest payment due Monday. Although it has dollar deposits, it could turn to the Central Bank to preserve liquidity La entrada Government faces US$800 million IMF payment, eyes Central Bank dollars se publicó primero en Buenos Aires Herald .
On Monday, Argentina faces a US$800 million interest payment to the International Monetary Fund (IMF), with limited dollar reserves in Treasury accounts. The Economy Ministry is considering using dollar deposits or purchasing foreign currency from Argentina’s Central Bank (BCRA) to fulfill the obligation. The payment is expected to be approved in early December, pending fulfillment of outstanding measures agreed upon with Argentine authorities.
The Treasury currently holds US$851 million in foreign-currency deposits at the Central Bank, slightly more than the required amount. However, the remaining balance of approximately US$51 million may prompt the Economy Ministry to purchase dollars from the BCRA to maintain liquidity in its accounts.
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