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Official Dollar Falls to ARS 1,430 as Bands Hold and Market Nerves Return

Economy Minister Luis Caputo reaffirmed the bands-based regime as the IMF pressed for quicker reserve accumulation.

Overview

  • Banco Nación’s retail dollar closed near ARS 1,430–1,435 and the wholesale rate at ARS 1,406, with the informal blue steady at ARS 1,435 for a second day.
  • Financial exchange rates diverged, with the MEP around ARS 1,456–1,462 and the CCL near ARS 1,486, widening the effective spread versus the official market.
  • Central Bank reserves rose by USD 172 million to USD 40.669 billion, and traders reported a Treasury purchase of about USD 64 million earlier in the week.
  • Argentine assets weakened on a global risk-off session as ADRs fell up to 6%, sovereign bonds declined, and country risk climbed to roughly 619 basis points.
  • Officials highlighted the exchange-rate bands—now with an upper limit near ARS 1,502—while BCRA’s Vladimir Werning signaled remaining FX curbs on firms and investors will be lifted “not long” from now.