On Wednesday, the central bank acquired $187 million in foreign currency. This strategy will be favored on the one hand by the upcoming soybean harvest and on the other by corporate bond issuances taking advantage of a favorable international environment. In return, provinces will demand currency from the Central Bank to meet debt maturities. For now, the Central Bank's purchases are being made with a calm dollar. Additionally, the Treasury achieved a debt rollover for 9.37 trillion pesos, equivalent to 98% of its maturities. Admittedly, at a high rate that approached 50%. All this in a context where the country's risk is approaching 600 points, the highest level this month. Buenos Aires, January 15 (NA) – After adjusting the pace of the peso's devaluation by touching the exchange rate bands, the Central Bank accelerated its currency purchases, and the market is wondering if the goal is to round up to $1,000 million monthly with its daily intervention. The Government has already announced that in 2026 it will seek to buy foreign currency for a total amount between $10,000 million and $17,000 million, as monetary demand permits. So far, this year it has already accumulated $515 million.
Argentina's Central Bank Accelerates Currency Purchases
On Wednesday, Argentina's central bank bought $187 million in currency. The strategy is supported by the soybean harvest and corporate bond placements. Provinces will demand currency for debt payments. The government plans to buy between $10-17 billion in currency in 2026.