The Central Bank of the Republic Argentina (BCRA) surpassed a historical mark of the last year, reaching a level of reserves of USD 45 billion. To achieve these figures, it will be important to consider factors such as the demand for pesos and the availability of foreign currency in the market, according to the head of the BCRA, Santiago Bausili. In this regard, for achieving these numbers, it will be important to take into account factors such as the demand for pesos, as well as the availability of foreign currency in the market, according to the head of the BCRA, Santiago Bausili. At the end of the day, international reserves reached USD 45.152 billion. In the first quarter of 2026, the BCRA purchased USD 4.964 billion. This figure represents about 50% of the final target set for the current year. The purchase of dollars was the largest in the last 12 months. In March, the Central Bank acquired USD 1.670 billion which helped to reach the current level of reserves, but it is worth noting that, although the balance is positive, the demand for dollars from the Treasury to meet obligations in that currency affected the sum of the reserves. It is expected that by the end of 2026, the Central Bank's dollar reserves could be between USD 10,000 and USD 17,000 million. In the second quarter of the year, the Treasury will have to pay almost half of what it had to pay in the last three months, and that decrease in financial obligations generates greater expectations for reserve accumulation. Also, the liquidation of the harvest will be another component of foreign currency injection.
