Particle.news
Download on the App Store
57 ARTICLES
·
2h ago

Treasury Cap Steadies Argentina’s Official Dollar as Blue Falls Below Bank Rate

A de‑facto 1,425‑peso ceiling in wholesale trades helped ease currency pressures ahead of the Oct. 26 vote.

El tipo de cambio operó en terreno negativo el viernes, debido al debilitamiento del dólar
El dólar mayorista finalizó por debajo de la línea de intervención planteada por el BCRA por cuenta y orden del Tesoro.
Image
Image

Overview

  • The Banco Nación rate held at ARS 1,450 for sale and ARS 1,400 for purchase, leaving a weekly gain of roughly ARS 100 (about 7.4%).
  • The Treasury was reported selling around USD 200 million to defend an intra‑band cap near ARS 1,425 in the wholesale market, below the formal band ceiling near ARS 1,482.
  • The blue dollar fell to about ARS 1,440, slipping below the official retail quote, while the MEP hovered around ARS 1,498–1,501 and the CCL around ARS 1,525–1,534, narrowing spreads to under 8%.
  • Gross international reserves rose by roughly USD 467 million to about USD 42.7 billion, the highest level since August.
  • Economy Minister Luis Caputo is in Washington for meetings with US Treasury Secretary Scott Bessent, after Bessent confirmed a USD 20 billion currency swap framework viewed as a liquidity backstop rather than an upfront cash disbursement.