Overview

• Banco Nación closed the official dollar at ARS 1,350, capping a weekly slide of about 10.9% from near ARS 1,500.
• The central bank reactivated a 90‑day cross‑restriction that bars those who buy at the official rate from trading MEP or CCL, after which the MEP climbed near ARS 1,434, the CCL approached ARS 1,473, and the blue rose to about ARS 1,440.
• Gross reserves jumped roughly US$1.889 billion to about US$41.238 billion, with market estimates attributing most of the increase to Treasury block dollar purchases rather than fresh multilateral inflows.
• Export‑sector liquidations accelerated after the suspension of duties for grains and meats, with reports of a US$7 billion quota completed in three days and earlier U.S. backing helping push the official rate lower.
• Argentine ADRs and dollar bonds fell, and the JP Morgan riesgo país moved back above 1,000 points, reflecting renewed caution over the widening gap between official and market FX rates.