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Official Peso Rate Catches Blue as Central Bank Sells Dollars to Defend Band

A reported $678 million intervention left gross reserves near $39.26 billion as financial and crypto quotes signal further peso weakness.

Overview

  • Banco Nación lists the dollar at $1,465 for buying and $1,515 for selling, with the blue near $1,500–$1,520, narrowing the gap to near zero.
  • The wholesale rate again breached the ceiling of the floating band, prompting BCRA sales to stabilize the market after the latest post‑election pressure.
  • Financial dollars trade higher than spot: MEP around $1,523–$1,551 and CCL roughly $1,553–$1,567 in recent references.
  • Stablecoin quotes continue to top the blue, with USDT seen around $1,550–$1,598 on major platforms, indicating persistent dollar demand.
  • The jump in FX levels is feeding through to prices and contracts, with dollar‑denominated rents costing more in pesos and the ‘dólar tarjeta’ near $1,969.50.