Particle.news

Download on the App Store

Argentina’s Peso Sinks Again as Officials Intervene and Wallets Halt Official Dollar Sales

A short-lived farm inflow has vanished, leaving thin buffers before any U.S. support conditioned on the vote.

Overview

  • The official dollar sold at $1,450 at Banco Nación with the wholesale rate near $1,424, financial rates topped $1,500, dollar bonds fell up to 6% and the risk-country gauge hovered around 1,230 points.
  • Traders reported heavy official action that capped the wholesale price near $1,380 with offers around $450–$550 million, while market sources said the Treasury sold more than $650 million and gross reserves dropped $748 million on payments and month-end flows.
  • The export-duty holiday front-loaded about US$6.3 billion in agro liquidations, of which the Treasury netted roughly US$2.185 billion, leaving a thinner dollar supply for October after multilateral payments cut the cushion further.
  • After informal pressure, several virtual wallets paused sales of the official dollar as the Central Bank reiterated that only authorized banks and exchange houses may intermediate currency purchases, noting no new rules for retail access.
  • Cancillería confirmed a MileiTrump meeting in Washington on October 14 as proposals for U.S. financial support remain publicly framed as contingent on election results, and INDEC reported record gross external debt of US$305.043 billion at end-Q2.