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Argentina Tightens FX Rules as Risk Gauge Falls and Dollar Gaps Hold

The central bank measure targets rapid cross‑market dollar plays to blunt arbitrage in a segmented system.

Overview

  • Banco Nación kept the official retail dollar at ARS 1,425 for buying and ARS 1,475 for selling at the last close.
  • The informal blue dollar traded at ARS 1,465/1,485, while financial rates ended above the official with MEP near ARS 1,494.62 and CCL around ARS 1,546.98.
  • The BCRA ordered that anyone who buys the official dollar cannot operate MEP or CCL transactions for 90 days, including indirect or third‑party routes.
  • Argentine dollar bonds logged weekly gains of up to about 4.1% as the country risk index fell roughly 9% to just above 570 basis points after touching a midweek low near 555.
  • Major banks signaled Monday opening sell quotes around ARS 1,475 for the official dollar, according to disclosures reported to the central bank.