Overview

• The official peso-dollar rate at Banco Nación reached about ARS 1,295 on July 15, pushing close to the top of the ARS 1,000–1,400 managed-float band.
• The blue dollar climbed to approximately ARS 1,340, widening the spread over the official rate to more than 3%.
• The Central Bank has maintained a non-intervention stance in the official foreign exchange market since lifting strict currency controls in mid-April.
• IMF disbursements of roughly USD 12 billion have bolstered Argentina’s gross foreign reserves to about USD 39 billion.
• Financial market rates remain fragmented, with the MEP and CCL trading around ARS 1,268–1,272 and the tarjeta rate holding near ARS 1,658.