Argentina’s Central Bank (BCRA) executed its largest weekly foreign-exchange intervention since launching its reserve-accumulation program in January, purchasing US$1.154 billion over five trading days.
The central bank completed the volume with a US$39 million buy-in on Friday, capping a period of sustained official demand for dollars.
The bank has maintained a streak of net foreign-exchange purchases for 120 consecutive trading days, a discipline that has pushed official reserve assets above US$48 billion.
The aggressive purchasing coincided with stability in the retail foreign-exchange market, where the dollar closed at 1,500 pesos.
The combination of heavy official buying and a flat retail rate suggests the central bank is successfully absorbing liquidity without triggering immediate speculative pressure on the parallel or blue-dollar markets.
This weekly total marks a significant acceleration in the BCRA’s efforts to rebuild its balance sheet.
The bank has maintained a streak of net foreign-exchange purchases for 120 consecutive trading days, a discipline that has pushed official reserve assets above US$48 billion.