Overview

• Economy Minister Luis Caputo pledged to sell every available dollar to protect the upper limit of the exchange‑rate band.
• The central bank sold US$379 million in the FX market, the largest intervention since currency controls ended, after the official rate briefly topped the ceiling; the Banco Nación rate closed at $1,495 and parallel rates moved above $1,500.
• Country risk rose above 1,400 basis points and bonds fell, reflecting investor unease.
• Caputo is pursuing short‑term financing such as repos and, according to press reports, will seek a meeting with U.S. Treasury Secretary Scott Bessent during a U.S. trip with President Javier Milei to bolster funding for 2026 maturities reported above US$17 billion.
• The government cited a primary fiscal surplus for August and is promoting measures to mobilize roughly US$243 billion in Argentine‑held dollars outside the system, including policies under Decreto 353/2025 and ARCA RG 5704/2025.