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Argentina Keeps Squeezing Liquidity as Official Dollar Falls to $1,310

Officials are using tighter reserve requirements plus an off‑schedule bond sale to curb peso demand before the October vote.

dolar dólar billetes dólares efectivo moneda estados unidos billete cien dólares currency dollar dollars note notes banknotes 100   f:SA
Image
Las tasas altas y la aspiradora de pesos condicionan el recorrido local del dólar
Interior del Palacio de la Bolsa de Madrid.

Overview

  • Banco Nación closed the official dollar at $1,310 after a 12–13 session slide, with the wholesale rate at $1,292.50 and the blue at about $1,340.
  • The Finance Ministry ran an emergency auction that placed ARS 3.788 trillion to pull pesos from the market following a weak rollover last week.
  • The Central Bank lifted reserve requirements again, adding 5 points on sight deposits to roughly 45% with integration allowed via primary‑auction government bonds through late November.
  • Gross reserves hovered near US$41.7 billion after a small daily drop, retracing part of the IMF‑driven rise earlier this month.
  • Rates and dollar futures swung sharply as MEP and CCL eased near ARS 1,297–1,302, futures priced further depreciation into year‑end, and equities fell notably on liquidity strain.