Overview
- On Monday, President Javier Milei used a radio interview to reject claims that Luis Caputo would be replaced and to publicly ratify him as economy minister.
- Milei said the government has a $125 billion coverage package made up of central bank purchases, international currency swaps, dollar‑futures positions, expected trade inflows and refinancing deals and added that $25 billion in near‑term maturities are already covered.
- Caputo himself denied he will resign and is traveling to Bangkok to press the International Monetary Fund for the pending program review and a linked $900 million disbursement.
- Despite the public unity, several senior coalition figures have privately called for policy adjustments to revive lagging sectors and the presence of economist Alberto Ades — who urged a higher exchange rate and criticized communication — has sharpened those internal disputes.
- The claims aim to reassure markets after intense 2025 pressure but reporters note the $125 billion is an aggregate of different instruments rather than a single pool of immediately available reserves, so the IMF talks and coalition decisions will shape how much liquid cover Argentina can actually deploy.