Argentina’s Official Dollar Edges Lower as Central Bank Buys for Seventh Straight Session

Gross reserves slipped to $44.68 billion despite a $55 million net purchase because reserve assets lost value.

Overview

- Banco Nación quoted the retail dollar at $1,435 for buying and $1,485 for selling, with the Central Bank’s average sale price at $1,482.52.
- In the wholesale market, the reference dollar closed near $1,457 by the end of the session.
- The Central Bank was a net buyer for the seventh consecutive day with a $55 million purchase, yet reported a $88 million drop in gross reserves to $44.68 billion on valuation effects.
- The blue dollar ended at $1,485 for buying and $1,505 for selling, according to a survey of Buenos Aires exchange houses.
- Financial quotes showed the CCL at $1,523.92 (gap 4.6%) and the MEP at $1,487.11 (gap 2.1%), and the tourist rate at $1,930.50.