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Argentina’s Dollar Market Holds Steady Near ARS 1,430 as Caputo Reaffirms FX Bands

The IMF is pressing for faster reserve accumulation to keep the banded regime credible.

Overview

  • Banco Nación’s retail dollar is quoted around ARS 1,430–1,435, while the wholesale rate eased to about ARS 1,406.
  • The blue dollar remained stable near ARS 1,435, with financial rates higher as the MEP hovered around ARS 1,462 and the CCL near ARS 1,486.
  • Central bank reserves rose by USD 172 million this week to roughly USD 40.669 billion, according to official data.
  • Economy Minister Luis Caputo defended the exchange-rate bands as a stability tool, and BCRA vice president Vladímir Werning said remaining curbs on firms and investors will be lifted "soon."
  • Traders reported a USD 64 million Treasury purchase near ARS 1,430 as a test of the new scheme, while equities gained and country risk held around 605–619 points.