Particle.news
Download on the App Store

Argentina’s Official Dollar Dips Below 1,400 as Central Bank Keeps Buying Reserves

An unusual wave of agro liquidations alongside corporate borrowing increased dollar supply, enabling reserve purchases without upward pressure on the exchange rate.

Overview

  • Banco Nación’s retail dollar closed at 1,395 pesos and the wholesale rate finished near 1,374–1,376, marking multi‑month lows and roughly a 4% drop for the month.
  • The Central Bank bought about USD 167 million on Friday and has accumulated roughly USD 2.4 billion so far in 2026, extending a 32‑session net‑buying streak and topping USD 1.25 billion in February.
  • International reserves hovered around USD 44.9 billion after a one‑day decline of about USD 216 million on valuation changes and multilateral payments despite ongoing currency purchases.
  • The blue dollar eased to about 1,430 pesos as the gap to the exchange‑rate band’s ceiling widened to roughly 16.2%, the highest since early July 2025, and futures prices edged lower.
  • Local assets firmed after the Chamber of Deputies approved the labor reform, with equities higher, sovereign bonds up and country risk near 518 basis points.