US EditionArgentina's Central Bank Intervenes to Halt Run on Peso
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Argentina's central bank intervenes to halt run on peso
Argentina's central bank said Tuesday it had sold $45.5 million dollars on the foreign exchange market to try and halt a run on the peso days ahead of midterm elections that have put pressure on the currency despite substantial US…
The international reserves closed in USD 40,539 million, on a day marked by the intervention of the BCRA after 21 consecutive wheels without sales The entry The BCRA intervened after more than a month and sold US$45.5 million to contain the dollar was first published in #BorderPeriodismo.
Despite the efforts of the Argentine government and the support of the United States, the dollar price is still rising and the official climbed to $1,515, while the wholesaler brushed over the roof of the band and forced another official intervention to stop it. President Javier Milei insisted this Tuesday that...
Buenos Aires, October 21, 2025 — Total News Agency-TNA. – On a day marked by uncertainty prior to next Sunday's legislative elections, the wholesale dollar reached a new record of $1,490.50, barely 57 cents below the upper limit of the exchange rate band, which forced the Central Bank (BCRA) to intervene with sales of USD 45.5 million to contain the escalation. At three operational wheels of the elections, the exchange market operated with recor…
The Central Bank sold US$45.5 million of its reserves this Tuesday to contain the rise of the wholesale dollar, after 21 consecutive wheels without intervening in the exchange market.The measure took place in the middle of a scenario of exchange rate instability and a few days after the legislative elections of October 26.The monetary authority, led by Santiago Bausili, had already participated on three occasions during September, when it was de…
The Argentine exchange market moves within a divergent floating band with prices in force at 938,33 and 1,491.07 pesos per dollar
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