Overview
- Exchange Stabilization Fund and IMF logs show Argentina’s SDR stock jumped to 670.4 million on October 15 as U.S. holdings fell by a similar amount, and the funds enabled a $796 million IMF payment on November 7.
- Market records and analysts link the SDR sale to U.S. peso purchases of about $2 billion in mid‑October and a subsequent swap that shifted the BCRA from peso obligations to roughly $2.5 billion in new dollar liabilities.
- Consultancies estimate Argentina’s net reserves deteriorated by about $3.5 billion under IMF metrics, leaving a shortfall near $13 billion against the December 2025 reserve target.
- Estimates from firms including Consultora 1816 suggest U.S. gains from the peso operations and carry totaled roughly $53 million to $70 million.
- The Wall Street Journal reported the previously floated $20 billion private bank plan was shelved as lenders assessed a shorter $5 billion repo for January obligations, while Economy Minister Luis Caputo denied any $20 billion rescue talks.