Brazil central bank to roll over currency swaps expiring in January By Reuters

© Reuters. Folks stroll in entrance the Central Financial institution headquarters constructing in Brasilia, Brazil March 22, 2022. REUTERS/Adriano Machado/File picture

(Reuters) – Brazil’s central financial institution stated on Friday it will maintain auctions beginning on Monday to roll over $15.5 billion in conventional foreign money swaps maturing on Jan. 2.

The central financial institution stated in an announcement that day by day conventional swap auctions can be held so long as crucial for the expiring inventory to be absolutely renewed.

The central financial institution often seeks to supply foreign money hedging and preserve liquidity situations to the market with its rolling coverage.