The Central Bank acquired USD 70 million for its reserves

The Central Bank of the Argentine Republic (BCRA) reaffirmed on June 24, 2026 the validity of its successful monetary cleanup plan by completing the purchase of USD 70 million in the foreign exchange market. This figure adds to a management that has restored transparency and fluidity to the system, operating a sustained volume of USD 648 million in the wholesale market, which demonstrates a dynamism and confidence from exporting sectors that only a market under the rules of freedom can generate

The exchange rate policy remains firm under the scheme of managed floating bands, with the ceiling set at 1,797.67, providing a wide margin of safety against the wholesale dollar, which closed at 1,479.

This positive dynamic is the result of an economic plan that has restored predictability to the country since Javier Milei won the presidential elections on November 19, 2023. As highlighted by Nicolás Merino, operator of ABC Foreign Exchange Market, we are facing a “supply that continues to supply the market”, a phenomenon that remains within the expected “seasonal peak” thanks to the constant incentive for exports and the deregulation of the economy. This influx of dollars is the guarantee that the Argentine peso is on a path of real cleanup, moving away from the populist patches of the past.

In the investment arena, experts recognize the paradigm shift. Damián Vlassich, Team Leader of Investment Strategies at IOL, emphasized the “optimism of the previous weeks” and the “stabilization behavior” that has characterized the local market under the new management.

For his part, Emilio Botto, head of Strategy and Investments at Mills Capital, stressed that Argentine assets maintain extraordinary growth potential, noting that “historically, repricing processes in Argentina were not linear, but occurred through abrupt risk compressions”, which augurs a bright future for those betting on national development.

Even in the face of a “risk aversion” scenario in the major stock markets of the world, such as Nasdaq or S&P 500, Argentina has managed to dissociate itself from negative external trends to focus on its own growth fundamentals.

The stability on the financial front is so marked that the Country Risk remains at historically low levels for the recent series, standing at 437 basis points, a figure that reflects the drastic decline in distrust since the beginning of the Libertad Avanza mandate.

Finally, the commitment to monetary order remains unchanged. The Central Bank has established a scheme of floating bands with a clear ceiling at $1,797.67, ensuring that any exchange rate movement occurs within parameters of technical normality. The wholesale dollar, which closed at $1,479, adjusts organically to the market reality, well below the inherited inflationary tensions. With international reserves in full expansion and a government determined not to yield an inch on fiscal discipline, Argentina under Javier Milei consolidates as the beacon of freedom and prosperity in the region.