Overview

• The official rate eased to about ARS 1,275 per dollar on July 9, a slight pullback from this week’s record ARS 1,280 highs.
• Informal and financial quotes slipped from peaks, with the blue at ARS 1,275 and both MEP and CCL trading around ARS 1,270.
• Dollar futures for December trade near ARS 1,443, substantially above the ARS 1,229 forecast in the government’s 2026 budget draft.
• International reserves stand at about USD 41.7 billion after June’s IMF disbursement and the central bank has refrained from intervening under the ARS 1,000–1,400 floating bands.
• The government must cover roughly USD 4.3 billion in foreign-currency bond payments during its negotiations with the IMF.