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Argentina’s Central Bank Buys $187 Million, Seventh Straight Day of Dollar Purchases

The move is part of a new inflation‑linked exchange‑band program intended to rebuild reserves.

Overview

  • This month’s operations total $515 million in central bank dollar purchases after Wednesday’s buy.
  • Gross reserves stand at $44.717 billion, a $351 million increase since January 9 following recent debt maturities.
  • Wednesday’s intervention exceeded the bank’s 5% daily volume guide, with about $268 million traded in the wholesale market.
  • The framework adjusts the band daily to match inflation with a two‑month lag, setting a 2.5% pace in January and a month‑end ceiling near 1,564 pesos.
  • Roughly $100 million from the day’s inflow went to multilateral payments, and net reserves remain about $1.2 billion negative.