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Argentina Sets Bank Dollar at 1,465 Pesos as Markets Reopen, Eyes Dollar Bond Sale

The Treasury seeks hard currency through a four-year BONAR 2029N to refinance a January $4.2 billion payment.

Overview

  • Major banks told the central bank they will sell dollars at roughly $1,455–$1,480 on Tuesday, with Banco Nación at $1,465.
  • The informal blue rate is indicated near $1,435, remaining below the official bank quotes for another week.
  • The BONAR 2029N auction is scheduled for Dec. 10 with a 6.5% coupon, dollar subscription and payment, and local law jurisdiction.
  • INDEC will publish November CPI on Dec. 11, with private estimates around 2.3% and projections of sub‑2% monthly inflation starting in early 2026 if FX stability holds.
  • The BCRA bars buyers of official dollars from operating MEP or CCL for 90 days, as the official rate ended Friday at $1,460 after three straight declines.