Gross reserves climbed to USD 48.368 billion, recording a daily increase of 177 million dollars and reaching their highest level in nearly seven years.
From the Ministry of Economy, there is optimism regarding the flow of foreign currency, noting that a considerable portion of the dollars from agricultural exports is still to be received. The main harvest remains the pillar of this strengthening; according to a report from Portfolio Personal Inversiones, the liquidation from the sector accelerated from USD 125 million daily in April to USD 141 million in May. In this regard, the entity noted that “practically all of the foreign currency provided by agriculture ended up being absorbed by the monetary authority, while the net flows from the rest of the sectors balanced each other out”.











