Overview
- Banco Nación’s retail rate closed at $1,455 and the wholesale rate near $1,430, capping the biggest weekly decline in about two months.
- The Central Bank bought US$125 million on Friday, extending its dollar‑purchase streak to 10 sessions and lifting cumulative buys to roughly US$687 million since January 5.
- Despite net purchases, reported gross reserves edged down to about US$44.607 billion, a move officials linked to valuation effects and other outflows.
- Parallel and financial quotes also eased or held lower levels, with the blue near $1,500, the MEP around $1,472, and the CCL near $1,518, compressing spreads.
- The upper band of the crawling exchange‑rate corridor stood near $1,546, leaving the wholesale rate about 8% below the ceiling, as a tight monetary stance, IMF praise, and newly reported 2025 fiscal surpluses reinforced the stabilization while analysts flagged liquidity strains and high short‑term rates.