Macroeconomy/Finance

BCB buys bonds from AFPs worth $500 million

The Central Bank placed Bs 3,476 million ($500 mn) by buying National Treasury bonds held by Private Fund Administrators. The resources will go to the banks, which will increase their liquidity by 50%. As of Friday, March 20, the sector had Bs 6,806 million ($1 bn) in cash. After the cash injection, banks will have Bs 10,282 million ($1.5 bn) to channel to the public.

Source: El Deber