Particle.news
Download on the App Store

Official Dollar Eases in Argentina as Central Bank Extends Reserve Build and IMF Endorses Plan

IMF praise signals confidence ahead of a February program review.

Overview

  • The retail dollar closed at ARS 1,420/1,470 on Banco Nación screens on Jan. 15, the lowest level since mid-December after two intraday cuts.
  • The wholesale rate finished near ARS 1,467, remaining well below the moving band ceiling of roughly ARS 1,545 under the inflation‑linked framework.
  • The Central Bank bought USD 187 million in a single session and USD 515 million so far in January, marking eight straight net‑buyer days and lifting gross reserves to USD 44.717 billion.
  • The blue dollar eased to ARS 1,490/1,510, the MEP edged down to ARS 1,473.5, and the CCL to ARS 1,510.9, keeping the gap with the official rate around 2.7%.
  • IMF spokesperson Julie Kozack welcomed the faster reserve accumulation and confirmed the program’s second review will take place in February.