Overview

• The Banco Nación official rate stands at ARS 1,270/1,310 (buy/sell) while the informal blue dollar trades at ARS 1,300/1,320, reflecting a compressed spread under the new floating‐band regime.
• A US$1.99 billion IMF tranche lifted Argentina’s gross reserves above US$43 billion, bolstering the central bank’s ability to intervene at the band’s edges.
• Commercial banks have increased term‐deposit rates to around 40% annual interest to absorb excess peso liquidity and anchor market expectations.
• The Treasury and BCRA have deployed higher reserve requirements and emergency bond auctions to soak up roughly $6 trillion pesos and stabilize financial‐dollar measures.
• Economists caution that upcoming midterm elections and potential external trade or financial shocks could still spark sharper peso depreciation and reignite inflation pressures.