Argentina's Central Bank Pauses Dollar-Buying Streak After IMF Praise
The central bank skipped official-market purchases as private dollar demand and weak confidence kept pressure on the peso, officials said.
- On Tuesday, Argentina's Central Bank ended its 135-session dollar-buying streak that began January 2, halting daily purchases for the first time in seven months.
- International Monetary Fund Managing Director Kristalina Georgieva visited Buenos Aires on Monday and urged Central Bank Governor Santiago Bausili to "keep it up, keep buying" during a press conference.
- State-Owned Banco Nación intervened in the spot market Tuesday, selling dollars to support the peso near 1,500 per dollar as the currency weakened less than 0.1 percent to 1,498.
- A university index published late Monday showed "Confidence in Milei" at its lowest level since President Javier Milei took office, while residents buy an average of US$2 billion monthly in dollar banknotes.
- Despite the Central Bank's average daily purchases of US$97 million this year, Argentina owes the IMF US$57 billion, and the peso has weakened 3.2 percent against the dollar in 2026.
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14 Articles
Argentina's Central Bank Pauses Dollar-Buying Streak After IMF Praise
Argentina · Monetary Policy Key Facts —The pause. The BCRA did not buy dollars on 28 July 2026, ending a 135-session streak that began on 2 January 2026. —Reserve build-up. The central bank accumulated roughly US$13 billion in gross reserves during the nearly seven-month buying streak. —Gross reserves level. Gross foreign reserves stood at US$48.391 […] The post Argentina’s Central Bank Pauses Dollar-Buying Streak After IMF Praise appeared first…
Between increased demand for foreign exchange by energy companies and dollar-tied bonds, the Central let the “offer flow to the market”
The monetary authority did not intervene at the exchange rate level and cut a 135-wheel streak followed by foreign exchange acquisitions
Argentina's record corn crop faces harvest delays as wet weather slows progress to five-year low
With corn production estimated at a record 61-63 million tonnes for MY2025/26, delayed harvesting due to high grain moisture and waterlogged fields is curbing near-term export flow, while soybean meal demand from the global feed industry continues to underpin oilseed trade.
After a day without intervention in the exchange market, the monetary authority acquired USD 36 million and reached a new increase in international reserves, which are already located at USD 49.200 million.
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