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Official Peso Slips to ARS 1,430 as ‘Blue’ Holds ARS 1,435 and Financial Dollars Tick Up

Markets test the bands under government backing after the IMF urged faster reserve gains.

Overview

  • Banco Nación’s retail dollar closed at ARS 1,430 on Thursday, the wholesale rate eased to about ARS 1,406, and the market average hovered near ARS 1,434.
  • The informal ‘blue’ stayed at ARS 1,435, keeping a very narrow gap with the official rate after two prior sessions of price parity.
  • Financial-dollar quotes firmed, with the MEP near ARS 1,456 and the CCL around ARS 1,482, leaving these segments above the official market.
  • The BCRA recently reported a USD 172 million rise in international reserves to USD 40.669 billion, a key buffer watched for sustaining the bands.
  • Economy Minister Luis Caputo reaffirmed the exchange-band framework as BCRA Vice President Vladímir Werning signaled remaining curbs would be lifted soon, while IMF spokeswoman Julie Kozack pressed for faster reserve accumulation and policy coherence.