Overview

• Financial exchange rates pushed past 1,500 pesos per dollar and country risk topped 1,260 basis points, signaling acute market stress.
• The Treasury reportedly sold about $1 billion in cash and issued more than $2 billion in FX‑insured notes last week to keep the retail rate from breaching 1,500.
• A Financial Times report, citing Banco Provincia, said private arbitrageurs bought $9.5 billion from the central bank between April and August to sell in parallel markets.
• Media coverage reports the U.S. could provide support, including a potential $20 billion swap line, as Economy Minister Luis Caputo travels to Washington for meetings.
• Analysts expect a post‑election policy shift, with scenarios ranging from abandoning the managed band to tighter controls, while a Wall Street Journal column renewed calls for dollarization.