Particle.news
Download on the App Store

Argentina’s Dollar Rates Fall to Multi‑Month Lows as Central Bank Keeps Buying

Market calm reflects strong FX supply alongside active BCRA purchases under its reserve‑build plan.

Overview

  • - Retail dollar quotes clustered between $1,445 and $1,460 across major banks on Feb. 9, with Banco Nación around $1,445 after a modest daily drop.
  • - The informal blue traded near $1,415–$1,435, leaving the gap with the official rate compressed to near zero or a slight discount.
  • - The wholesale rate fell to roughly $1,416, its lowest since mid‑November, while public‑board prices also touched multi‑week lows.
  • - The BCRA has accumulated about USD 1.4–1.5 billion in net dollar purchases year‑to‑date under its preannounced reserve‑accumulation program, with a stated target of at least USD 10 billion in 2026.
  • - Recently published data confirmed an IMF payment was made using central bank reserves, taking gross reserves to about USD 44.75 billion after a USD 667 million decline, as analysts flag the upcoming national inflation reading and a Treasury auction as potential sources of renewed volatility.