Economy Country January 30, 2025

Dollar and Reserves in Free Fall in Argentina

The official dollar and the blue dollar present alarming figures in Argentina, while international reserves continue to decline, generating concern amid the economic crisis. The IMF is closely monitoring this critical situation.


Dollar and Reserves in Free Fall in Argentina

The dollar in Argentina has experienced significant movements in recent days. At Banco NaciĆ³n, the exchange rate for the greenback was set at $1,031.50 for buying and $1,071.50 for selling. In the official foreign exchange market, the wholesale dollar was offered at $1,051.50 per unit, showing an increase of 50 cents compared to the previous day's close.

The MEP dollar, on the other hand, is trading at $1,164.03, which places the gap with the official rate at 10.65%. The Central Bank sold US$ 18 million, although gross international reserves suffered a decline of US$ 147 million, reaching a value of US$ 29.647 billion, hitting a new low since 2025 due to debt payments.

Bitcoin, in the cryptocurrency market, recorded a slight decline, positioned at US$ 101,897, while the crypto-dollar Bitcoin trades at $1,185.30. This situation worries the IMF, which considers it crucial to accumulate reserves to support Javier Milei's economic program.

As for the blue dollar, it declined to $1,220, generating a currency gap of 16%. In the last three sessions, the monetary authority has lost more than US$ 300 million in reserves. On the other hand, the official retail dollar remains at $1,020.10 for buying and $1,078.15 for selling, while the Liquidation Dollar stands at $1,177.74, generating a spread of 11.95% relative to the official rate.

Additionally, the card or tourist dollar, as well as the savings dollar, traded at $1,392.95, completing the currency landscape in the country.