Historic record: almost $ 6 billion leaked in August

The Formation of Foreign Assets (FAE) or "capital flight" recorded in August a historical record of the series from 2003 to today and meant a total purchase of dollars by private parties for US $ 5.909 million. In other words, in August he escaped more money than $ 5.4 billion that the Government expects to turn the International Monetary Fund.

In that line, the monetary authority that directs Guido Sandleris noted that "Private net demand more than doubled after STEP" and, as a result, the Central intervened in the spot market for the first time since the implementation of the exchange scheme in October of last year. In numbers, currency demand in July it was US $ 2,951, almost US $ 3,000 less than in August.

For their part, many companies and savers decided withdraw your deposits from the Argentine financial system. For the monetary authority it was a "heterogeneous" behavior. Private deposits in hard currency showed a fall in August of US $ 5.900 million post STEP, while prior to the primary elections there was an increase of US $ 300 million.

"This fall came so much for transfers abroad ("Exchange operations", which totaled US $ 3.4 billion in the month), as per cash withdrawals " explains the report of operations in the Foreign Exchange Market and exchange balance.