Argentina central bank extends dollar buying streak to 134 days as reserves top $49bn

The BCRA’s persistent intervention underscores its commitment to rebuilding foreign-exchange buffers, even as the US dollar hits a 13-month high against emerging-market currencies.

By Handelsavisen Newsroom · Automated 2026-07-24 20:22 UTC · 1 min read

Argentina’s central bank (BCRA) purchased US$345 million in foreign exchange on Friday, extending its streak of consecutive buying days to 134.

The intervention pushed the country’s international reserves above the US$49 billion mark, reinforcing the monetary authority’s ongoing effort to rebuild its foreign-currency buffer.

154 billion, signaling a sustained commitment to absorbing liquidity and stabilizing the peso.

The daily purchase adds to a robust weekly total, with the BCRA executing its largest weekly intervention since launching its reserve-accumulation program in January.

Over the past five trading days, the central bank bought US$1.154 billion, signaling a sustained commitment to absorbing liquidity and stabilizing the peso.

This aggressive buying comes as the US dollar has climbed to its highest level in 13 months, driven by traders shifting to their most bullish stance on the greenback since 2015.

The broader dollar strength reflects a rapid repricing of Federal Reserve policy expectations, creating headwinds for emerging-market currencies like the Argentine peso.