The National Reserve Bank (BNA) said that it will release every month’s last work day the amount of currency and timetable for its operation in the foreign exchange market for the next month to ensure greater predictability to the market.
The BNA announced so in its website, stressing that the process will start in September with sale equivalent to USD 700 million.
This includes locks for letters of credit, through 8 (eight) auctions.
Check bellow the timetable:
The amount, currency and purposes will be announced to commercial banks 24 hours before the launch of each auction, according to the source.