The reserves each decelerate 25% after exchange restrictions

This is a daily low online with the 371 million dollars yesterday and 405 million on Wednesday. It is a strong contrast to the 830 million dollars a day that was lost in the three weeks between PASO and the capital control announcements of Guido Sandleris.

However, when the fort is contemplated every Monday and Tuesday, the week closed with a low of 3.149 million dollars, a disproportionate figure for a week, but 24.3% lower than the 4,161 million dollars that left the week pass.

As a first evaluation, Martn Kalos, chief economist at Elypsis told LPO: "The restrictions worked for what they had to work for: an immediate containment of the demand for foreign exchange and help guarantee dollar deposits, which this week had large withdrawals like last week, but that were going down and, to the extent that these measures help to show that the bills to support the deposits are and the restlessness that motivated the withdrawal of deposits is calmed down, we estimate that it will continue going down because it was evidenced that the banking system has no liquidity problems. "

With the "exchange umbrella", the drainage of reserves is expected to be reduced to the area of ​​2,000 million dollars next week; while it is expected that the export liquidation and the dollar may increase with a falling interest rate and the precautionary demand will be contracted.

As and all this is a very high amount of each weekly Reserve and that is why economist Rodolfo Santngelo clarified that it is feasible that it is necessary to increase controls to contain the loss of dollars from the coffers of the Central Bank.

As a detail LPO, in August a total of 13,799 million dollars were lost, one each exceeding the 12,691 million dollars that were recorded in all of 2013, the year of greatest reserves of the entire Kirchner, even greater than each of 9,498 million dollars in January 2006 when their debts with the IMF are canceled.