Overview
- U.S. Treasury Secretary Scott Bessent said Argentina activated a small portion of the bilateral swap and stated the U.S. has already made a gain from the operation.
- Private estimates indicate a draw of roughly $2.7–$2.755 billion, reportedly used to reimburse pre‑election U.S. FX interventions and to obtain IMF Special Drawing Rights to cover an interest payment.
- Analysts estimate the Banco Central’s net international reserves have turned deeply negative, roughly in a range of −$9.6 billion to −$12 billion, even as gross reserves hover near $40.2–$40.4 billion.
- BCRA balance-sheet data show an increase of about $2.755 billion in ‘Other Liabilities,’ and IMF figures reflect a 640.8 million SDR transfer consistent with the reported flows.
- Argentina’s Economy Ministry and central bank have withheld operational details, while Minister Luis Caputo says a plan to accumulate reserves and repurchase debt will be unveiled within about 30 days under the current exchange‑rate band framework.