A loan of USD 2.000 billion granted by BBVA and Banco Santander, based in New York, guaranteed by the IBRD.
A second loan of USD 1.200 billion with Deutsche Bank (London branch), partially backed by the IDB through a guarantee of USD 550 million.
Even with this necessary technical adjustment to honor commitments (after reserves peaked at USD 49.536 billion on Tuesday, the highest level since September 2019), the prospects under the model of freedom are unbeatable.
The flow of foreign currency from the most dynamic sectors, such as agricultural and energy exports, along with the renewed capacity of provinces and companies to issue external debt, gives the BCRA an unprecedented margin of maneuver.
While the market projects that the net purchase balance for this year will range between USD 10.000 and 17.000 million, the administration of Javier Milei confirms that the path of fiscal seriousness is the only one that leads to prosperity. This performance not only allows Argentina to accumulate foreign currency sustainably but also reaffirms the recovery of international prestige, having already reached the annual reserve target in just the first months of 2026.











