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3d ago

Argentina’s Gross Reserves Reach Milei‑Era Record as Officials Stockpile Dollars for January Bond Bill

The record build masks a deeply negative net‑reserve position under IMF metrics, raising the prospect of a waiver to meet the December goal.

Analistas estiman que la inflación de diciembre se ubicará en torno de 2,5%
Panero carnicería y rotisería fotos Constanza Niscovolos - FTP CLARIN DSC_6868.jpg Z Invitado
Julio Velarde, presidente del Banco Central de Perú y artífice del régimen bimonetario de ese país
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Overview

  • - The Central Bank reported a $596 million daily increase in gross reserves to $43.61 billion, a Milei‑era high, with gains driven by multilateral inflows and asset revaluations.
  • - Net reserves stand near negative $15.8 billion on the IMF measure, far below the December target, with local reports indicating a waiver gap of roughly $12 billion.
  • - Economy Minister Luis Caputo said the Treasury purchased nearly $900 million outside the official market to help cover about $4.1–$4.3 billion due on January 9.
  • - The BCRA unveiled a new reserve‑accumulation program allowing dollar purchases within the bands, initially up to 5% of daily market volume.
  • - Exchange rates remained segmented: the official retail dollar hovered around ARS 1,475, the blue traded near ARS 1,530 after a $25 weekly rise, the CCL was about ARS 1,527 and the MEP roughly ARS 1,486.