The Central Bank acquired USD 230 million for its reserves on consecutive day No. 128

In Argentina, President Javier Milei's administration continues to rectify the inherited chaos and consolidates an unprecedented scheme for accumulating foreign currency in recent history. Under excellent technical leadership, the Central Bank of the Argentine Republic (BCRA), so far in 2026, the BCRA has achieved an astronomical figure of purchases exceeding USD 12.500 million.

This exceptional performance is framed within the fourth stage of the monetary and exchange program initiated in January, which has already accumulated purchases of USD 12.570 million, far exceeding the annual target projected by the economic team of a range between USD 10.000 and USD 17.000 million for the entire fiscal year.

This flow of foreign currency has been driven by the vigor of the private sector, particularly highlighting the liquidations from the agriculture, energy, and mining sectors, combined with the regained confidence that allowed for the issuance of debt in international markets by companies and provinces.

The acceleration of this trend has been particularly notable during the current week, in which the BCRA has already acquired a staggering USD 1.115 million. In just the last three days, the monetary authority captured more than USD 1.000 million from the market, raising the accumulated figure for July to USD 1.405 million.

To sustain this virtuous purchasing pace, the agency has managed the issuance of pesos without sterilization operations, while the Treasury has absorbed the surplus through debt in local currency, achieving a perfect balance between reserve accumulation and the fight against inflation.

The focus of this historic day is on today's purchase: the BCRA added another USD 230 million to its coffers, chaining an impressive streak of 128 consecutive days with a net purchase. This operational feat occurred in a market with a high volume of transactions, reaching USD 625.3 million, reflecting the strong liquidation of exports that continues to flow to the Central Bank thanks to the predictability of the economic model.

In the exchange market, official solvency has kept the rates under absolute control. The wholesale dollar closed at $1.476, sitting 23.7% below the intervention limit of the exchange rate bands set at $1.826,41

Regarding the dynamics of the week, specialist Gustavo Quintana, agent of PR Corredores de Cambio, highlighted that: “with only one session left to finish this week, the wholesale exchange rate has accumulated a drop of 12 pesos, well above the decline of 50 cents from the previous week”.

Meanwhile, the free dollar fell to $1.525, while at Banco Nación, the rate remained steady at $1.495. By the end of today, international reserves stood at USD 48.531 million, consolidating a robust stock despite having met a hefty debt maturity of USD 62 million during the day.