Overview
- Luis Caputo said the dollar will stay within the managed band and urged the public to “sleep easy,” framing the bands as a gradual float.
- Risk premium fell near 600 points as dollar bonds and ADRs advanced and local dollar quotes eased following the minister’s reassurances.
- Analysts estimate net international reserves around negative US$12 billion, tied in reports to the accounting of a U.S. Treasury swap.
- The government is preparing December extraordinary sessions to push the 2026 Budget and labor, tax and penal reforms, consolidating votes under congressional leaders Martín Menem and Patricia Bullrich.
- Buenos Aires province formally requested a meeting with Interior Minister Diego Santilli to restore transfers and restart halted works, while courts ordered Julio De Vido to present for detention and investigators raided a Rosario federal judge’s office in an abuse-of-authority probe; Cuba also opened the trial of ex-economy minister Alejandro Gil on espionage and corruption charges.