Overview
- After five declines that took the wholesale rate to ARS 1,387, the mayorista rose to ARS 1,400 and the Banco Nación retail rate advanced to ARS 1,425.
- The blue dollar eased to ARS 1,430 and financial rates fell (CCL about ARS 1,471; MEP about ARS 1,439), narrowing the gap that had widened earlier in the week.
- Heavy issuance has resumed, with around USD 2.9 billion in local corporate notes in November and provinces preparing placements, helping cap the exchange rate near ARS 1,400.
- The Economy Ministry reported a primary surplus of ARS 823,925 million in October and a 1.4% of GDP primary result for the first ten months.
- Futures now price the dollar below the band ceiling into mid‑2026 and Central Bank reserves rose roughly USD 264 million to USD 40.62 billion.