In an unprecedented milestone that ratifies the course of economic recovery undertaken by the current administration, the Central Bank of the Argentine Republic (BCRA) officially surpassed the foreign currency accumulation target set for the entire year 2026 this Thursday. Thanks to a strategy of fiscal discipline and monetary order, the entity achieved an extraordinary streak of 101 consecutive days with a net purchase balance, after acquiring another USD 119 million in the foreign exchange market today.
Since the new monetary scheme was launched in January, the entity led by Santiago Bausili has managed to absorb a total of USD 10.139 billion, operating with positive results on almost all days, with the only isolated exception being January 2. This overwhelming performance peaked on April 10, when the monetary authority recorded a daily record purchase of 457 million dollars.
The success of this model has even exceeded the most optimistic projections of the Ministry of Economy, which originally estimated a net balance of between USD 10 billion and USD 17 billion for 2026. During the Cambras Business Day event, Minister Luis Caputo emphatically highlighted the effectiveness of the management:
“Today the target agreed with the IMF of USD 10 billion has already been met. In a very optimistic scenario, we thought that if things went very well, the Central could buy USD 17 billion. But if we can maintain the current pace, we could reach USD 24 billion. It’s not what we expect; we will probably be between 17 billion and 24 billion dollars”.
To sustain this virtuous circle of reserve accumulation without neglecting price stability, the BCRA has issued pesos for purchases, which have been efficiently absorbed by the Treasury through the placement of debt in local currency. This mechanism has allowed for the stabilization of both the dollar exchange rate and inflation.
