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Argentina Sets Bank Dollar Rates for Jan. 2 Reopening as Inflation-Indexed FX Bands Begin

The central bank starts a regime that indexes the exchange-rate band to monthly inflation with a plan to buy up to 5% of each day’s FX volume.

Overview

  • The BCRA confirmed bank-by-bank retail dollar quotes for Friday’s open, with Banco Nación’s sale price around ARS 1,480 and other banks in the ARS 1,470–1,489 range.
  • Parallel rates remain higher, with the blue around ARS 1,510–1,530, while financial dollars show narrow gaps, including MEP near ARS 1,483 and CCL near ARS 1,524.
  • The wholesale reference closed the last session at ARS 1,455, setting the base for the first trading day of 2026.
  • The new rule updating the floor and ceiling of the FX band by the latest available monthly inflation is now in force after going live on January 1.
  • The BCRA’s reserve-accumulation plan begins alongside the new regime, following year-end gross reserves near US$41.2 billion, as regional FXs also track U.S. Fed signals with Mexico’s peso around 17.96 per USD.