The Central Bank of the Argentine Republic (BCRA) has scaled back its purchases of foreign currency reserves, a shift that follows the completion of a $10 billion acquisition target set in its agreement with the International Monetary Fund.
The slowdown in market intervention comes as the local currency faces renewed pressure, with the dollar's exchange rate climbing against the peso.
Santiago Bausili, who leads the central bank, oversaw the reduction in buying activity.
The move signals a transition from the aggressive accumulation phase required to meet the IMF's baseline conditions to a more measured approach.
However, the change in pace has sparked debate among market analysts regarding the mechanics of future reserve reporting.
Key uncertainty now centers on how international bank loans will be factored into the country's reserve totals.