BC announces two swap auctions this Thursday; the total is 4 billion dollars

The first race must take place between 10.20 and 10.25 and the second between 10.35 and 10.40; The measure is an attempt to contain the dollar’s surge, which has occurred in recent days in a context of uncertainty over the control of public spending.

THE Central Bank announced with a press release on Wednesday evening, 11th, that two sales auctions combined with auctions for the purchase of foreign currency in the interbank market exchangein the post-fixed Selic mode, known as ‘line rods’. The measure is an effort to help contain the surge in the American currency, which has occurred in recent days in a context of uncertainty over the control of public spending.

The auctions will be held from 10.20 to 10.25 (Auction A) and from 10.35 to 10.40 (Auction B). “A maximum of $2.0 billion will be accepted for each auction, for a total of $4.0 billion,” the statement read.

According to the BC, the exchange rate to be used for the sale of dollars will be the USDBRL selling rate reported in the Ptax bulletin at 10 am on the day of the auction. The Central Bank’s sales operations will be settled on December 16, 2024.

The settlement dates of the Central Bank’s purchase operations will be: Auction “A”, 4 February 2025; and Auction “B,” on April 2, 2025. Additionally, up to three proposals may be accepted per institution, for each auction.

Source: Terra

Rose

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