Overview
- Argentina’s central bank bought $47 million on Thursday, its ninth straight session of net purchases, taking January’s total to about $563 million.
- IMF spokesperson Julie Kozack praised the accelerated accumulation and said daily purchases often exceeded the 5% guideline of market volume.
- Gross reserves fell by $71 million to roughly $44.65 billion after about $100 million in payments to the IDB and World Bank, reflecting timing and accounting effects.
- The official exchange rate slipped to its lowest level in about a month as blue and financial dollar rates eased, while sovereign bonds firmed and risk premium edged down near the high‑560s to low‑570s.
- The February review will consider performance against program goals and potential waivers, which are critical for unlocking the next IMF tranche of roughly $1.05 billion.