Argentina's central bank foreign reserves surged by USD 1.2 billion in a single day, pushing total holdings above USD 49 billion and marking the highest level in nearly nine years.
The sharp increase came just hours before a significant sovereign debt maturity, underscoring the central bank's efforts to ensure liquidity for the payment.
The boost was driven by the disbursement of guaranteed credits from international financial institutions.
According to local media reports, these inflows were timed to coincide with the upcoming debt service obligation, allowing the Banco Central de la República Argentina (BCRA) to meet its commitments without drawing down existing buffers.
This development signals a temporary stabilization in Argentina's external position under President Javier Milei's administration.
The ability to service debt while simultaneously building reserves suggests that recent negotiations with multilateral lenders are yielding tangible liquidity support.