Buenos Aires, February 18 (NA) -- The Central Bank of the Argentine Republic (BCRA) began the week with another currency purchase, this time for US$80 million, and has already acquired more than 20% of the amount it proposed to buy for the year. According to the Argentine News Agency (NA), the entity led by Santiago Bausili has completed 31 consecutive days of currency purchases to strengthen its reserves. Specifically, on Wednesday it acquired US$80 million, bringing the total to US$45.129 billion on the board. Since the start of Phase 4 of the monetary program at the end of 2025, the BCRA has purchased US$2.169 billion in the Foreign Exchange Market (MLC), representing over 20% of the annual acquisition target of US$10 billion, which could rise to US$17 billion. 'The daily execution amount of the reserve accumulation program will be aligned with a 5% share of the daily volume of the foreign exchange market. The BCRA can carry out block purchases that could otherwise affect the proper functioning and stability of the market,' the entity had indicated in its presentation. The pace of accumulation received the green light from the International Monetary Fund (IMF), which, after conducting the second review of the agreement signed in April, indicated that talks with the economic team had registered 'very good progress'.
