Overview

• Finance Secretary Pablo Quirno said the Treasury would sell dollars in the official market to provide liquidity, a shift from the banded float the government has promoted.
• Initial sales from Treasury deposits at the central bank were estimated in the low hundreds of millions of dollars, with market tallies ranging from roughly US$50–200 million and one estimate near US$156 million.
• Following the move, the official retail dollar hovered around ARS 1,375 and the blue traded near ARS 1,345, while MEP and CCL were around ARS 1,370–1,378.
• The country risk index climbed to about 898–900 and equities and several ADRs fell, reflecting skepticism despite a brief moderation in exchange rates.
• Quirno insisted the bands framework remains in place and cited IMF approval, as analysts questioned sustainability given the Treasury’s estimated US$1.6–1.7 billion in available dollar deposits.