Particle.news

Download on the App Store

U.S. Confirms $20 Billion Swap as Argentina Tightens FX Access, Dollar Rates Hover Near 1,450

Authorities seek to steady reserves by pairing fresh U.S. support with new limits on financial-dollar trades.

Overview

  • Banco Nación lists the official U.S. dollar at $1,400 for purchase and $1,450 for sale for Oct. 12–13.
  • The paralelo dólar blue trades around $1,455 to buy and $1,475 to sell, with recent closes for MEP at $1,440.81 and CCL at $1,433.14.
  • The Central Bank barred anyone who buys the official dollar from conducting MEP or CCL operations for the next 90 days.
  • The U.S. Treasury confirmed a currency-swap arrangement of approximately US$20 billion with the BCRA to bolster reserve capacity.
  • Some U.S.-based market markers will be limited on Oct. 13 due to the Columbus Day holiday, affecting certain international quotes.