Central Bank holds dollar sale auctions Monday

The Brazilian Central Bank is slated to hold two dollar auctions this Monday (Jan. 20), with a commitment for future repurchase by the monetary authority. Each operation will have a limit of $1 billion, with an exchange rate of BRL 6.06 billion.

The auctions, dubbed A and B, will be held exclusively by foreign exchange dealers accredited by the monetary authority.

A maximum of $1 billion will be accepted for each of the auctions, totaling a maximum of $2 billion.

The sale operations will be settled on January 22, 2025.

In a statement, the bank said that the repurchase transactions will take place on November 4 for auction A and on December 2 for auction B.

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