Overview

• Banco Nación closed the official dollar at ARS 1,350 for sale and ARS 1,300 for buy, down ARS 165 (10.9%) on the week.
• The central bank reinstated a 90-day cross-restriction (Com. A 8336) barring buyers of official dollars from accessing MEP or CCL.
• Financial dollar rates jumped after the rule: MEP rose roughly 2% and CCL about 2.6%, while the blue rebounded to ARS 1,440.
• Reported U.S. support and the temporary removal of export duties spurred agro liquidations, while Treasury block purchases lifted BCRA reserves to around US$41.24 billion.
• Country risk climbed back above 1,000 points and sovereign bonds fell, reflecting renewed caution across markets.