Overview

• Banco Nación’s screen shows ARS 1,465 for sales on September 14, leaving the official rate just shy of the band top near ARS 1,471–1,472.
• Major banks told the regulator they will open Monday with retail dollar prices around ARS 1,460–1,475, including Nación and Galicia at ARS 1,465 and Macro at ARS 1,475.
• The blue dollar traded near ARS 1,425 on Sunday, leaving a rare negative spread versus the official rate.
• Since September 1 the BCRA has been selling Treasury-held dollars in the MULC, with reported international reserves at about US$40.309 billion.
• The BCRA cut the rate on simultáneas to 40% from 45%, a move that lifted short-term peso debt prices and sought to ease market strains.