The Central Bank of the Argentine Republic (BCRA) bought today USD 447 million and achieved an unprecedented streak of 96 consecutive days with a positive balance in its currency interventions, the third longest in history.
This performance allowed the monetary authority to get closer to its annual foreign currency accumulation target and strengthen the level of reserves.
In today's session, the entity added USD 447 million, which represented the second largest purchase so far this year. Thus, the total accumulated in 2026 exceeds USD 9.600 million, an amount that corresponds to more than 96% of the target set for the period. Since the implementation of the new monetary scheme in January, the BCRA has already incorporated USD 9.681 million.
Today's purchases.
The monthly behavior shows that April was the period of greatest dynamism, with acquisitions of USD 2.769 million. The highest purchase recorded to date took place on April 10, when the Central acquired USD 457 million in a single day.
During May, the initial pace of purchases was more moderate, although significant, with daily interventions below USD 100 million. However, towards the end of the month, a significant acceleration was observed. In just the last week, the BCRA accumulated USD 909 million, bringing the monthly total to USD 2.526 million.
Official projections place the purchase balance for 2026 in a range of between USD 10.000 and USD 17.000 million, conditioned by the availability of foreign currency and the demand for pesos. The president of the BCRA, Santiago Bausili, stated that these factors will be decisive for the final outcome of the year.
Javier Milei and Luis Caputo.
In this scenario, the liquidation of the major harvest presents itself as a key source of dollar income to reinforce reserves. This is complemented by the expectation of debt issuances abroad by companies and provinces, which would exceed USD 3.200 million.
Additionally, the recent disbursement from the International Monetary Fund (IMF) of USD 1.000 million contributed to strengthening the external position. At the beginning of the week, this income allowed gross reserves to exceed USD 47.000 million, the highest level since 2019.
By the close of Thursday, gross reserves reached USD 48.511 million, after a daily increase of USD 644 million. This record not only marks a maximum in almost seven years, but also surpasses the peak reached in February during the current administration, consolidating the trend of foreign currency accumulation.
