Overview

• The official dollar rate climbed to ARS 1,380, marking its highest nominal level and nearing the ARS 1,442 floating-band limit after a 13% July surge.
• The parallel (blue) dollar opened August at ARS 1,315 for buying and ARS 1,335 for selling, underscoring continued market segmentation.
• The IMF approved the first review of Argentina’s funding agreement, releasing US$ 2 billion and pushing central bank reserves above US$ 41 billion following an initial US$ 12 billion tranche.
• Economy Minister Luis Caputo blamed electoral uncertainty for recent currency swings and dismissed alarmist devaluation forecasts as exaggerated.
• The government emphasized its anti-inflation mandate, with the central bank deploying liquidity-absorption tools to prevent a peso overhang from feeding price pressures.