Particle.news

Download on the App Store

Argentina Treasury Enters FX Market, Sells Dollars as Peso Rates Ease

Officials say the operation uses Treasury funds under IMF coordination.

Overview

  • Pablo Quirno announced that the Treasury will sell dollars directly in the free market to provide liquidity and ensure normal functioning.
  • Following the move, the official retail dollar closed at ARS 1,375 at Banco Nación, the blue traded near ARS 1,360, and MEP/CCL slipped roughly 0.8–1%.
  • BCRA director Federico Furiase said the measure was coordinated with the IMF and did not draw on central‑bank reserves.
  • Bank quotes for the official minorista clustered around ARS 1,375–1,390, and the blue was reported at about ARS 1,374 in Córdoba and ARS 1,360 in Buenos Aires.
  • Market stress persisted as Argentine sovereign bonds fell around 3% and risk indicators rose in the run‑up to legislative elections.