Economy Country March 12, 2025

Central Bank's Currency Purchase Surges

The Central Bank of Argentina bought USD 268 million, with a total positive balance of USD 494 million in March. However, reserves have dropped to USD 27.685 billion, the lowest since September 30.


Central Bank's Currency Purchase Surges

The Central Bank (BCRA) made its largest currency purchase of the month, acquiring US$ 268 million, which raises its positive balance to US$ 494 million so far in March. However, reserves continue to decrease, reaching US$ 27.685 billion, the lowest level since September 30.

The constant intervention in the foreign exchange market aims to keep the gap between the official dollar and financial dollars below 20%, while spending on tourism and credit card transactions abroad represents additional pressure on the BCRA.

At the close of the day, the retail dollar (without taxes) remained at $1,038 for buying and $1,097.40 for selling. At Banco Nación, it was offered at $1,046.25 for buying and $1,086.25 for selling. In the wholesale segment, the dollar rose 50 cents to $1,066.50 per unit. The blue dollar remained at $1,220, leaving the gap at 14.4%.

The MEP dollar quoted at $1,227.70 and the Cash with Liquidation (CCL) at $1,224.87, maintaining gaps with the official at 15.1% and 14.9% respectively. On the other hand, the tourist dollar, which includes a 30% surcharge, operated at $1,412.13. Meanwhile, the cryptocurrency was priced at $1,237.55 and Bitcoin traded at US$ 82,510.