Overview
- The Central Bank replaced the 1% monthly crawl with bands that update each month by official inflation with a two‑month lag, and the wholesale dollar opened near 1,455–1,462 pesos within the new range.
- The BCRA announced a 2026 reserve‑accumulation program that conditions purchases on market liquidity, caps daily buys at 5% of traded volume, and targets roughly $10 billion if macro conditions allow.
- More than US$20 billion held in CERA accounts from the 2024 regularization are now freely available, increasing potential dollar liquidity in the formal system.
- Companies may remit dividends abroad for profits from fiscal years beginning in 2025 with audited balances, while earnings from 2019–2024 continue via Bopreal.
- The Government promulgated the 2026 Budget and the Law of Inocencia Fiscal, setting surplus goals and raising tax‑penalty thresholds, as country risk fell to about 557 points on the first trading day.