Particle.news

Download on the App Store

Argentina Reimposes 90-Day FX Rule as Markets Open With Higher Financial Dollars

The Central Bank move targets the ‘rulo’ arbitrage following Treasury dollar buys that swelled reserves.

Overview

  • Through Communication A 8336, the BCRA now bars anyone who buys at the official market from operating MEP or CCL for 90 days, with immediate effect.
  • Opening references show Banco Nación at $1,300/$1,350, blue at about $1,420/$1,440 in Buenos Aires and $1,455 in Córdoba, MEP near $1,431 and CCL around $1,470.
  • Gross reserves rose roughly US$1.889 billion to US$41.238 billion, a gain largely linked to Treasury in‑block purchases of about US$1.35 billion.
  • Financial-dollar rates jumped up to around 5% after the restriction, while Argentine ADRs and sovereign bonds fell and volatility increased.
  • Crypto pricing ran above the informal rate, with USDT near $1,468 on Binance, as banks continue allowing unlimited homebanking dollar purchases and cash buys remain capped at US$100 per month.