Overview

• Through Communication A8336, the central bank restored the cross restriction for all persons and entities, imposing a 90-day bar in both directions and requiring a sworn declaration from clients.
• MEP and CCL advanced immediately and the blue dollar rebounded to around $1,440, widening the gap with the wholesale rate to roughly 9–11%.
• The official exchange rate posted its sharpest weekly drop of the Milei era, with the wholesale at about $1,326 and Banco Nación at $1,350 after roughly US$7,000 million in agro liquidations in three days.
• Argentine assets fell as ADRs dropped up to 7.2%, dollar bonds declined, and the sovereign risk index moved back above 1,000 basis points.
• Market reports indicated Treasury dollar purchases that lifted reported gross reserves, including an estimated US$1.3 billion buy on Friday and a rise to about US$41.2 billion.