The Central Bank of the Argentine Republic closed another day with a positive balance and consolidated an unprecedented trend in recent years of the Argentine economy. The entity led by Santiago Bausili added USD 145 million this Thursday and reached 92 consecutive rounds with net currency purchases, amid the economic stabilization process driven by the government of Javier Milei.
With this new result, the annual accumulated purchases now amount to USD 8.851 billion, equivalent to 88.5% of the annual target set by the economic team. This figure reflects a sustained strengthening of international reserves after years marked by extreme controls, uncontrolled issuance, and the constant loss of dollars under Kirchnerist administrations.
Since the start of the new monetary scheme in January, the Central Bank has managed to maintain a strong buying presence in the foreign exchange market. April was the month of highest accumulation, with USD 2.769 billion added to the reserves, while in May, USD 1.696 billion were added.
In the Ministry of Finance, they assert that the bulk of the liquidation from the agro-export sector has not yet entered, so they expect an even greater acceleration in the flow of currencies in the coming weeks. This would allow for an expansion of the reserve accumulation margin and reinforce the exchange rate stability achieved by the Government.
