The Central Bank of the Argentine Republic (BCRA) has extended its streak of net foreign-exchange purchases to 120 consecutive trading days, pushing the country’s official reserve assets above USD 48 billion.
According to Infobae, the central bank acquired USD 25 million on Thursday, adding to a cumulative gain of nearly USD 1 billion in the first two business days of July.
The sustained accumulation indicates that the BCRA has comfortably surpassed its annual reserve target, signaling a period of stability in the country’s external accounts.
The prolonged buying streak reflects a shift in market dynamics, with the central bank consistently acting as a net buyer in the domestic dollar market.
This accumulation helps bolster the buffer against external shocks and supports the peso’s stability amid broader regional volatility.
The move comes as the US dollar index has climbed to its highest level in 13 months, driven by shifting expectations for Federal Reserve policy.