Tuesday , September 28 2021

Sandler will meet with the Head of the European Bank

Guido Sandler, President of the Central Bank of the Argentine Republic, talks today and tomorrow with his Brazilian counterpart Mario Draghi and with the director of the European Central Bank, Ilan Goldfan, in Basel, to explain the monetary policy pursued by Argentina.

Sandler from China will arrive in Switzerland from Switzerland, where he arrived on the trip since Wednesday, when he announced, in agreement with the International Monetary Fund, the Argentinean economic and financial perspectives.

Fuentes del Central also announced that Sandler is planning to hold a dialogue with Agustin Carsten, Director General of the Basel International Payment Bank.

Sandler will arrive at this meeting after he complies with one of the guidelines agreed by the IMF in October and should not increase the average money base.

In October, the target was met: the cash base average monthly balance was 1.252 billion dollars, which is 1.5% lower than in September, "said the BCRA released report.

Moreover, on Friday, the BCRA had more restrictions on short-term foreign exchange inflows to prevent these funds from falling apart and then dumping dollars in the classic financial bicycle scheme.

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