Overview

• The Banco Nación rate closed at 1,350 pesos, capping a weekly slide of about 165 pesos (≈10.9%) from last Friday’s peak.
• Communication A 8336 bars buyers of official dollars from operating in MEP or CCL for 90 days and requires a sworn declaration at banks.
• Financial-dollar rates jumped after the rule change, with MEP near 1,434 pesos and CCL around 1,473, while the blue dollar rebounded to about 1,440.
• Gross reserves rose to roughly US$41.24 billion, with market estimates pointing to large Treasury in‑block purchases of about US$1.3–1.35 billion as the main driver.
• Country risk moved back above 1,000 basis points as sovereign bonds weakened, reflecting fragile sentiment despite recent agro liquidations and U.S. support signals.