Argentina Central Bank To Trade Via Exchange

Argentina’s central bank, BCRA, has been incorporated as a member of the country’s securities exchange, Merval, allowing it to act as a market-maker to trade public debt securities, free of charge. The Bank already intervenes in the Rofex futures exchange and the open electronic market (MAE) and will now be able to trade the Lebac and Nobac debt securities that it issues. The Bank aims to increase the depth of the secondary market by making the move. The BCRA is barred from trading in equity.