Overview
- The Banco Nación dollar stood at ARS 1,375 for buying and ARS 1,425 for selling, with the wholesale rate around ARS 1,403, the blue at ARS 1,410/1,430, the MEP near ARS 1,451 and the CCL about ARS 1,484–1,489.
- The card rate traded near ARS 1,852.50, reflecting the official retail price plus the 30% perception on foreign-card spending.
- Central bank data showed a retail selling average around ARS 1,432.06 and gross international reserves near USD 40.64 billion, with net reserves estimated at USD 1.43 billion.
- Analysts pointed to calmer trading conditions with country risk compressed to roughly 596 points following the legislative vote and reaffirmed confidence from the IMF.
- A burst of corporate dollar debt issuance—about USD 2.9 billion in November, according to market trackers—boosted FX supply as the BCRA kept the bands regime in place and the wholesale rate moved further from the upper band, though sustainability hinges on rebuilding reserves.