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BC sells $ 1 billion in cash and $ 1 billion in reverse swap contracts in two auctions


The two auctions, which had been announced on Monday, occurred between 9:30 and 9:35 and sold the total offered in each

The Central Bank held two simultaneous auctions on Wednesday, selling $ 1 billion in cash in one operation and 20,000 reverse exchange swap contracts in another, which equals, in practice, a purchase of $ 1 billion in the future market, according to a statement from the municipality.

The two auctions, which had been announced on Monday, occurred between 9:30 am and 9:35 am and sold the total offered in each.

In the cash sale, the BC said it accepted eight proposals in the total amount of US $ 1 billion, with a cut differential of -0,000300.

In the reverse swap operation, the municipality accepted two proposals for a total of 20,000 contracts, equivalent to US $ 1 billion, due on August 1, 2025.



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