Particle.news
Download on the App Store

Argentina Uses $3 Billion Repo to Meet Bond Payments as Official Dollar Holds Steady

Fresh external funding alongside sustained reserve buying supports short‑term exchange‑rate stability.

Overview

  • Banco Nación kept the retail dollar at ARS 1,485 for sale, unchanged from the prior session.
  • The BCRA bought US$62 million and has netted about US$175 million over four sessions, lifting gross reserves to roughly US$44.78 billion.
  • Officials confirmed the repo with private international banks for about US$3 billion and said the Globales payment was executed, with Bonares payments next on the schedule.
  • The wholesale rate traded near ARS 1,464, the blue eased to about ARS 1,510, the MEP hovered around ARS 1,492, and the CCL near ARS 1,531, narrowing gaps across market segments.
  • Market reaction remained cautious, with local sovereign bonds weaker and equities and ADRs showing mixed to positive moves.