Overview
- The BCRA has bought roughly US$3.28–3.3 billion since early January, about 33% of its US$10 billion annual goal.
- Consolidated accumulation with the Treasury is only about US$800 million as dollars were used for obligations including roughly US$800 million to the IMF and about US$1 billion tied to Bopreal.
- Eco Go estimates net international reserves remain in negative territory, around US$-2.9 billion to US$-3.17 billion depending on methodology.
- The Treasury purchased about US$3.5 billion from the BCRA so far this year, with roughly US$2 billion used to meet a January bond maturity.
- With limited access to international markets, officials are weighing bilateral financing as the IMF welcomes some policies but judges the current reserve buildup insufficient, and a US$4.2 billion global bond payment is due on July 9.