The BCRA took advantage of the fall in the dollar and added more than $100 million in one day

The Central Bank of the Argentine Republic (BCRA) once again intervened strongly in the foreign exchange market and totaled USD 102 million on the day, in a context of greater exchange rate calm.

With this operation, the monetary authority reached 62 consecutive rounds with a buyer's balance and accumulated more than USD 4.6 billion so far in 2026, consolidating a key dynamic for the macroeconomic order promoted by the Government of Javier Milei.

Since the implementation of the new monetary scheme in January, the BCRA has already incorporated USD 4,683 million, which represents more than 45% of the annual goal set by the economic team. In March alone, purchases totaled $1.67 billion, reflecting a sustained pace

of accumulation.

Official projections estimate that the net purchase balance could be between USD 10,000 and USD 17 billion in 2026, depending on factors such as the demand for pesos and the supply of foreign exchange. The president of the BCRA, Santiago Bausili, remarked that the accumulation of reserves will be conditioned by these variables, although the current progress already represents a significant achievement of the

annual objective.

At the close of the day, international reserves reached $44.75 billion, with a daily increase of USD 308 million, driven mainly by asset valuation. However, in net terms, levels remain relatively stable compared to the beginning of the year, due to the weight of financial commitments

.

Looking ahead to the second quarter, the picture looks more favorable. Debt repayment needs would be reduced to about $3.2 billion, approximately half of what was paid in the first quarter. Added to this is the expected inflow of foreign exchange from the liquidation of the gross harvest

.

In parallel, the wholesale dollar continues to show signs of stability. In the last round, it closed at $1,387.50, down five pesos, in a market that reflected lower tension and greater optimism after the relaxation on the international stage. The price also remains 20% below the upper band set by the BCRA, allowing the bank to intervene without compromising the

exchange rate balance.