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LatinNews Daily - 12 June 2025
In brief: Argentina’s central bank completes new repurchase agreement
*Argentina’s central bank (BCRA) has completed a dollar repurchase (repo) auction with international banks, boosting its dollar reserves by US$2bn. Initially announced on 9 June, the auction marks the BCRA’s second major repo agreement since the government led by President Javier Milei took office in December 2023. The previous repo deal in December 2024 was agreed with five international banks, but in a statement released yesterday the BCRA confirmed that seven international banks have signed contracts in the new repo auction. The BCRA did not reveal which banks these were, but Bloomberg cited anonymous sources familiar with the matter as listing them as: Spanish banks BBVA and Banco Santander, Chinese banks the Industrial and Commercial Bank of China (ICBC) and Bank of China, US banks JPMorgan Chase & Co and Citigroup Inc, and British bank Standard Chartered.
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- In brief: Argentina’s central bank completes new repurchase agreement