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Argentina Sets Official Dollar at 1,490 Pesos for Monday as Central Bank Bolsters Liquidity

The central bank cushions the post-payment reserve dip through targeted FX purchases alongside a $3 billion one-year repo to steady liquidity.

Overview

  • Banco Nación indicates the retail dollar will open at ARS 1,490 on Monday, January 12.
  • International reserves stand near USD 44.396 billion after a daily fall of roughly USD 385–400 million following a USD 4.2 billion external debt payment.
  • The BCRA bought about USD 43 million in the official FX market on the last business day, closing the week with USD 218 million in net purchases.
  • The central bank reported arranging a USD 3 billion repo-style loan with six international banks for one year at around 7.4% to reinforce foreign-currency liquidity.
  • Weekend reference quotes show the blue dollar near ARS 1,505 in Buenos Aires and ARS 1,521 in Córdoba, and the MEP around ARS 1,488/1,493.50, with formal markets closed.