Titoli di Stato area non Euro ARGENTINA obbligazioni e tango bond

BUENOS AIRES (Reuters) - La banca centrale argentina ha annunciato in un comuncato di aver alzato di tre punti percentuali i requisiti di riserva obbligatoria delle maggiori banche del paese.
Queste banche adesso devono detenere come riserva il 31% dei loro depositi in pesos, rispetto al 28% precedente, secondo un portavoce dell'istituto centrale. La mossa assorbirà circa 60 miliardi di pesos di liquidità dal mercato, dice il comunicato.
 
ASI) Nell’Argentina ultra liberista del presidente Mauricio Macri il governo ha varato oggi delle norme per produrre un risparmio da 2 miliardi di dollari entro il 2019.


Tra le misure adottate dall’esecutivo l’eliminazione del fondo di solidarietà sulle esportazioni di soia, riduzione del rimborso alle esportazioni, e mantenimento delle aliquote sul commercio di olio e farina. Già entro la fine dell’anno Buenos Aires dovrebbe riuscire a risparmiare 400 milioni mentre i restanti 1,75 miliardi il prossimo anno.
Le misure sono state adottate per rispettare gli impegni assunti con l’FMI per ridurre il disavanzo fiscale all'1,7 per cento del Pil entro il 2019.
Contemporaneamente il presidente della Banca centrale, Luis Caputo, si è visto obbligato ad aumentare ulteriormente il Tasso ufficiale di sconto (Tus) portandolo dal 40 al 45 per cento. Il tutto sotto gli occhi della missione del Fmi guidata dall'italiano Roberto Cardarelli arrivata ieri a Buenos Aires con il compito di esaminare l'andamento dei conti pubblici e il compimento delle misure di austerity accordate a cambio del programma di assistenza di tipo stand by per 50 miliardi di dollari approvato lo scorso giugno.
Sempre per far fronte agli impegni assunti con il Fondo Monetario Internazionale l’Argentina in precedenza aveva deciso di utilizzare fino a 15 miliardi di dollari delle riserve della Banca centrale (Bcra) nell'intenzione di liquidare progressivamente parte dell'imponente stock di Lettere con scadenza a breve termine (Lebac) per oltre 30 miliardi di dollari che si è accumulato negli ultimi due anni.
 
Argentina is considering proposals for additional financing that may include swaps and credit lines, according to people who met with government officials in New York this week.

Deputy cabinet chief Mario Quintana, Central Bank Vice President Gustavo Canonero and Finance Secretary Santiago Bausili told investors they are reviewing proposals but declined to give details, according to people who met with them. The people asked not to be named because the talks are private.



Argentina’s central bank is said to be in talks with People’s Bank of China for a currency swap line, and to have considered a $5 billion repo line with banks as recently as two weeks ago, Bloomberg previously reported.

Argentina has taken a series of measures this week to support its currency and restore confidence in the economy. The central bank raised its key rate to 45 percent, boosted reserve requirements for banks and conducted a number of dollar auctions. Yet the peso remains near a record low, with the worst performance among emerging-market currencies this year.

President Mauricio Macri signed a record $50 billion credit line with the International Monetary Fund in June as the currency crisis boosted prices and pushed the economy to the brink of recession. An inflation spiral fueled by the continued depreciation of the peso remains as one of the main government concerns.

Terms of Service Violation
 
Argentina forced the nation’s biggest lenders to start turning over more cash to the central bank in its latest bid to shore up the peso.

The move comes a day after the government failed to lure as many investors as it sought into the longer-term securities it was offering in place of short-term central bank notes it wants to scrap. That left billions of additional pesos in investors’ hands -- money that analysts expect will be used to buy dollars. By pushing up the minimum reserve requirement on big banks by 3 percentage points, the central bank is offsetting some of that surge in cash in the financial system.



“This measure will help absorb 60 billion pesos,” the central bank said. “A stronger control of liquidity in the market is fundamental to reinforce this institution’s anti-inflationary commitment.”

The peso didn’t show much of an immediate reaction to the latest measure, edging up 0.7 percent Thursday to 29.8 per dollar.

The currency has plummeted 37 percent year, one of the worst performances in emerging markets, as investors grew nervous about a widening current account deficit, accelerating inflation and what many viewed as an inadequate response by policy makers, especially at the central bank.

Authorities, concerned the weakening peso would fuel inflation already running at 30 percent, this week jacked up interest rates that were already the highest in the world, revamped a method for selling dollars in the local market and came up with the plan to get rid of the short-term central bank notes that fueled volatility.

The new reserve requirements will apply to almost 20 of the country’s biggest banks or their local units, including Industrial & Commercial Bank of China, Citigroup Inc., Banco Bilbao Vizcaya Argentaria SA, Banco Santander SA and HSBC Holdings Plc.

The central bank is encouraging investors to move their pesos to one-year notes known as Nobacs as it moves to phase out its short-term securities, Lebacs. A surge in Lebac issuance in the past few years have created a monthly headache for policy makers when they have to roll over sometimes as much as 500 billion pesos of the securities. Argentina has promised to phase them out as part of a $50 billion credit line with the International Monetary Fund.

Terms of Service Violation
 
Argentina forced the nation’s biggest lenders to start turning over more cash to the central bank in its latest bid to shore up the peso.

The move comes a day after the government failed to lure as many investors as it sought into the longer-term securities it was offering in place of short-term central bank notes it wants to scrap. That left billions of additional pesos in investors’ hands -- money that analysts expect will be used to buy dollars. By pushing up the minimum reserve requirement on big banks by 3 percentage points, the central bank is offsetting some of that surge in cash in the financial system.



“This measure will help absorb 60 billion pesos,” the central bank said. “A stronger control of liquidity in the market is fundamental to reinforce this institution’s anti-inflationary commitment.”

The peso didn’t show much of an immediate reaction to the latest measure, edging up 0.7 percent Thursday to 29.8 per dollar.

The currency has plummeted 37 percent year, one of the worst performances in emerging markets, as investors grew nervous about a widening current account deficit, accelerating inflation and what many viewed as an inadequate response by policy makers, especially at the central bank.

Authorities, concerned the weakening peso would fuel inflation already running at 30 percent, this week jacked up interest rates that were already the highest in the world, revamped a method for selling dollars in the local market and came up with the plan to get rid of the short-term central bank notes that fueled volatility.

The new reserve requirements will apply to almost 20 of the country’s biggest banks or their local units, including Industrial & Commercial Bank of China, Citigroup Inc., Banco Bilbao Vizcaya Argentaria SA, Banco Santander SA and HSBC Holdings Plc.

The central bank is encouraging investors to move their pesos to one-year notes known as Nobacs as it moves to phase out its short-term securities, Lebacs. A surge in Lebac issuance in the past few years have created a monthly headache for policy makers when they have to roll over sometimes as much as 500 billion pesos of the securities. Argentina has promised to phase them out as part of a $50 billion credit line with the International Monetary Fund.

Terms of Service Violation

Certo che la precedente presidente un giretto nelle patrie galere....
 

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