Overview
- Banco Nación’s retail dollar closed at $1,455, down $35 on the week, with the wholesale rate near $1,430 at its lowest since late November.
- The BCRA bought US$125 million on Friday, marking ten straight sessions and roughly US$687 million in purchases since January 5 under its preannounced program.
- With the exchange‑rate bands updated monthly, the ceiling stood at $1,546.18, leaving the wholesale rate about 8% below that limit.
- Parallel and financial rates eased or held steady, with the blue around $1,500, the MEP near $1,471 and the CCL close to $1,518–$1,520.
- Gross reserves hovered near US$44.6 billion and dipped despite purchases, as authorities touted a 2025 primary surplus of 1.4% of GDP and a 0.2% financial surplus that drew IMF praise, even as tight liquidity, very high short‑term rates and costly debt rollover remain risks.