Overview

• The official dollar closed at ARS 1,450 at Banco Nación after a weekly rise of about ARS 100, while the wholesale rate ended near ARS 1,424.50.
• The Treasury repeatedly sold dollars to enforce an informal intra‑band ceiling around ARS 1,425, with market estimates of recent interventions reaching several hundred million dollars to roughly US$1 billion.
• IMF chief Kristalina Georgieva said she discussed coordinated support with U.S. Treasury Secretary Scott Bessent, including possible use of U.S. SDR holdings, and Bessent indicated any aid would rely on alternative mechanisms such as swaps rather than direct cash.
• Gross international reserves rose by about US$467 million to roughly US$42.7 billion even as parallel exchange rates eased, with the blue around ARS 1,440 and the MEP and CCL near ARS 1,499 and ARS 1,526.
• Argentine assets remained volatile into the close, with bonds broadly weaker on the week and country risk quoted around 1,165–1,264 basis points as officials met in Washington.