Overview
- The Central Bank’s monetary data show the Treasury bought $20 million on November 12 in the foreign-exchange market, marking its first confirmed market purchase since the midterms.
- Portfolio Personal Inversiones reported a roughly $24 million buy in the MLC that week, though Treasury dollar deposits rose by $20 million, likely reflecting pending payments.
- BAE Negocios reported additional Treasury purchases of about $125 million across Wednesday and Friday, with the exact channel for the larger tranche yet to be verified, and cited unconfirmed rumors of further buys.
- Heavy corporate debt issuance in recent days increased dollar supply, which brokers say the Treasury used opportunistically to add to its cash balances.
- BCRA chief Santiago Bausili said the bank will not set an explicit purchase path and will buy only as conditions allow, while brokers urge a clearer, transparent reserve-accumulation framework and analysts note upcoming hard-currency needs and IMF targets.