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Argentina’s Official Dollar Slips to ARS 1,470 as Central Bank Adds Reserves

Fresh reserve buying by the BCRA is credited with easing official quotes.

Overview

  • Banco Nación’s retail dollar closed at ARS 1,470, while major banks signaled ARS 1,470–1,490 for Friday’s open.
  • The blue dollar held a premium over bank rates, at about ARS 1,510 in Buenos Aires and ARS 1,526 in Córdoba.
  • Financial exchange rates hovered near the bank level, with MEP around ARS 1,472–1,474 and CCL near ARS 1,510–1,516.
  • The Central Bank’s recent net purchases total roughly US$520 million, lifting gross reserves to about US$44.717 billion after a US$187 million buy on Wednesday.
  • The wholesale dollar traded near ARS 1,441–1,443, and the card rate was approximately ARS 1,911 per dollar.