In February, the inflow of dollars from agro-exporters plummeted due to calendar factors and internal issues, which limited the Central Bank's ability to rebuild its reserves. The total amounted to US$1.555 billion. Liquidations reached US$1.289 million, representing a 41% year-on-year decrease and a 30% drop compared to January. Consequently, the first two-month period closed with a cumulative total of US$3.140 billion, which is 26% lower than the same period in 2025. The data comes from a report by the Chamber of the Oilseed Industry of the Argentine Republic (CIARA) and the Grain Exporters Center (CEC), which received it from Argentine News Agency. “February was characterized by a marked reduction in business days, totaling only 15 days, due to holidays but, in particular, due to the national strike days decreed by oilseed sector unions for political reasons unrelated to the industry, concerning the deliberations in the Senate and Chamber of Deputies on the Labor Modernization Law, which was ultimately passed,” the agro-exporters' statement noted. Despite this situation, the Central Bank was able to continue accumulating foreign currency by acquiring it through the issuance of dollar-denominated negotiable obligations by companies and provinces.
