Overview
- Economy Minister Luis Caputo called the current band scheme "well calibrated" and confirmed it will remain in place.
- Former minister Domingo Cavallo said the government cannot credibly enforce the ceiling without foreign-exchange reserves to intervene.
- Since June 2024 there have been only three months with a current-account surplus, while demand for dollar savings exceeded those surpluses every month.
- Economist Federico Machado said the lower bound is set at an unrealistically low real level and urged the central bank to adopt a different reserves-buying approach.
- Marina Dal Poggetto warned the stated goal to begin rebuilding reserves in 2026 conflicts with the bands unless substantial external debt placements materialize.