The Central Bank of the Argentine Republic (BCRA) purchased USD 280 million in foreign exchange on Monday, marking its 125th consecutive trading day with a positive balance in currency operations.
The acquisition represents the largest single-day purchase by the central bank in more than six weeks, signaling an intensification of its efforts to rebuild official reserves after surpassing its annual target earlier in the year.
The streak of net purchases has now extended well beyond the 120-day mark previously reported, pushing the country’s official reserve assets above USD 48 billion.
This aggressive buying spree comes as the BCRA seeks to stabilize the peso and restore market confidence following a period of volatility.
The streak of net purchases has now extended well beyond the 120-day mark previously reported, pushing the country’s official reserve assets above USD 48 billion.
The central bank’s consistent intervention aims to narrow the gap between the official exchange rate and parallel market rates, a key metric for investors monitoring Argentina’s economic stabilization plan.
Despite the steady accumulation of dollars, total reserves experienced a slight dip following the settlement of a recent debt maturity payment.