US Dollar Auction Held on Behalf of the Ministry of Economy
As requested by the Ministry of Economy, the BCRA held two daily US dollar auctions on behalf of this Ministry between April 15 and August 28, 2019. The daily amount was set at USD60 million until reaching a total of USD9.6 billion.
- Auction Process 1. The official call was announced through the SIOPEL platform of Mercado Abierto Electrónico. Institutions had three minutes to place up to two bids in each auction, considering a minimum amount of USD1 million and in USD1 million increments, with no maximum amount.
- Bids could not be changed or canceled once entered into the system. Bids were awarded at multiple prices after the auction closed and a pro rata system was used, if necessary.
- The first auction took place at 12:00 noon and the second one, at 2:45 p.m.