Overview

• Central bank director Federico Furiase said the Treasury has about US$3,000 million available and has stepped in to supply dollars when thin volumes drove outsized price moves.
• He defended the stabilization program as intact, highlighting the July removal of one‑day LEFI bills that shifted roughly $10 trillion pesos into bank reserves and longer Treasury paper and aided central bank recapitalization.
• Officials reported the Treasury holds roughly $23 trillion pesos in deposits, near 3% of GDP, alongside claims that bank credit has roughly doubled to around 8–8.8% of GDP during the current management.
• Authorities and market voices attributed recent FX and asset volatility mainly to election noise, with officials pointing to a stable wholesale dollar and private estimates of softer August inflation.
• Former BCRA chief Martín Redrado outlined three market-reaction scenarios after the Sept. 7 Buenos Aires vote, with outcomes tied to the margin between Fuerza Patria and La Libertad Avanza.