Overview

• Gross reserves climbed about USD 1.889 billion in the week to roughly USD 41.238 billion, helped by heavy agro liquidations and Treasury block purchases estimated near USD 1.35 billion.
• The measure bars access to MEP and CCL for 90 days after buying official dollars, and applies in reverse, explicitly aiming to disable the short‑term arbitrage known as the “rulo”.
• Financial quotes jumped on the announcement, with the latest references showing MEP around ARS 1,433 and CCL near ARS 1,472, while the blue held near ARS 1,420/1,440 and the wholesale closed near ARS 1,326.
• Agroexporters have sold roughly USD 3.6 billion with about USD 2.6–2.7 billion still expected early in the week, which authorities and analysts say has pressured official rates lower in the short term.
• Market participants warn the cross‑restriction could thin liquidity in financial dollars and shift demand toward the informal and crypto segments, with pre‑electoral dollarization risks rising once the agro supply fades.