Particle.news
Download on the App Store
24 ARTICLES
·
1h ago

Central Bank Adds $187 Million as Provinces Near Dollar Deadlines and Treasury Accepts Higher Rates

Reserve accumulation under an inflation‑indexed exchange band now intersects with a heavy subnational hard‑currency calendar.

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, Dec. 3, 2018. Stocks climbed after the U.S. and China declared a truce in their trade war, while Treasuries and the dollar fell. Oil surged on optimism producers will cut output. Photographer: Michael Nagle/Bloomberg nueva york eeuu bolsa de comercio de nueva york wall street jornada economica operadores economia suba de las acciones
Image
Image
Image

Overview

  • Provinces must cover nearly US$2.5 billion in dollar debt in 2026, with about US$750 million clustered in the first quarter, according to Politikón Chaco.
  • Tierra del Fuego faces the first 2026 payment on January 21 for roughly US$6 million, with officials citing oil royalties and provincial funds to meet the obligation.
  • The Central Bank purchased US$187 million on January 14, lifting year‑to‑date buys to about US$515 million and leaving gross reserves near US$44.7 billion under the new inflation‑indexed band regime.
  • Finance rolled about 98% of peso maturities in the first local auction of 2026, but accepted sharply higher yields, with some fixed‑rate instruments near 49% annual.
  • Provinces will source dollars either from the Central Bank or the FX market, a choice that can draw on reserves or pressure the exchange rate, with the largest 2026 burdens in Buenos Aires Province (~US$784m), CABA (~US$376m), Santa Fe (~US$240m) and Córdoba (~US$225m).