Argentina’s central bank foreign reserves have surpassed the US$50 billion threshold for the first time during President Javier Milei’s administration, marking a significant psychological and operational milestone for the country’s economic stabilization efforts.
The reserve stockpile increased by US$417 million on Wednesday, pushing total holdings above the half-trillion-peso mark that has long been viewed as a critical buffer against external shocks.
The accumulation of reserves comes amid mixed signals in local financial markets.
While the central bank’s balance sheet strengthens, the retail dollar advanced by five pesos to close at 1,520 pesos.
Simultaneously, the country risk index, a key gauge of sovereign debt default probability, rose to 428 points, suggesting that investors remain cautious about the sustainability of the current economic trajectory despite the improved liquidity position.
This development builds on a recent trend of reserve accumulation.