Argentina's Central Bank reserves reached its highest point since 2013

On 17 October 2016, Argentina's Central Bank announced the international reserves reached its highest level since May 2013 on 16 October. The Central Bank possesses US$39.3 billion, which is US$3.792 billion more than the previous day (Clarin). The reserve increase is the result of an inflow of US$3.9 million in debt issuance internationally. The reserves peaked, despite the Bank making service payments to international organizations in the amount of US$160 million and for operations made through the SML system for US$1 million (La Nacion).