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17h ago

Argentina’s Crypto Dollar Tops ARS 1,400 as Markets Brace for Buenos Aires Vote Outcome

The Treasury is supplying foreign currency with its own deposits in a temporary bid to cushion pressure without using central‑bank or IMF reserves.

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Dólar cripto. Foto: Pixabay.
El dólar critpo toca el techo del banda.
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Overview

  • On Sunday night the 24/7 crypto-tracked peso-dollar traded around ARS 1,440 on major exchanges, with some quotes near ARS 1,470.
  • Recent quotes showed the official Banco Nación rate near ARS 1,380, the blue at ARS 1,370, the MEP at ARS 1,383.33, and the CCL at ARS 1,390.52.
  • Finance Secretary Pablo Quirno said the intervention is temporary and funded by Treasury resources rather than reserves or IMF disbursements.
  • Market participants estimate the Treasury sold more than US$500–650 million during the week, using dollars deposited at the BCRA reported at about US$1.7 billion, with no official confirmation of daily amounts.
  • Argentina’s country risk rose to 901 points, its highest since April, as investors awaited Monday’s market reaction to Buenos Aires provincial election results.