News of bank reserves

Central Bank reserves hit US$36 billion after first IMF tranche

15-04-2025 17:26 First disbursement of US$12 billion arrives from International Monetary Fund, boosting reserves; Official exchange rate rises to 1,223 pesos per dollar; Country risk falls to 725 points.

ECONOMY – ANALYSIS

IMF bets billions on Milei’s chainsaw to avert past debacles

13-04-2025 08:50 Frontloading disbursements is a controversial move that increases the IMF’s exposure to its biggest debtor, just as Milei faces the same policy dilemmas that have doomed his predecessors.

FIN DE CEPO?

Caputo announces new IMF deal, end to exchange controls

11-04-2025 18:45 President Javier Milei's government announces elimination of foreign exchange controls ahead of confirmation of new US$20-billion IMF programme.

BLOOMBERG - ANALYSIS

Milei needs rush of soy dollars to calm peso sell-off in Argentina

09-04-2025 17:42 Like his predecessors, President Javier Milei is depending on the soy harvest to manage one of the word’s most volatile currencies.

GEOPOLITICAL ROW

Milei caught in Trump-China spat over US$18-billion FX swap line

08-04-2025 16:47 Javier Milei is caught between US President Donald Trump and China’s communist government.

WHERE'S THE GOLD?

Argentina refuses to disclose location of Central Bank’s gold

09-01-2025 13:13 Lawyers representing Argentina in a New York court have refused to reveal the location of the Central Bank’s (BCRA) gold reserves.

REPURCHASE AGREEMENT

Milei scores win with US$1-billion repo from five top banks

05-01-2025 09:47 Milei administration announces US$1-billion repurchase agreement with five international lenders that will help replenish foreign reserves at its Central Bank.

CENTRAL BANK RESERVES

Argentina spent US$803 million this week on importer dollar demand

27-12-2024 18:42 Central Bank’s operations risk denting Milei's government’s efforts to replenish its treasure chest of reserves

CENTRAL BANK RESERVES

Argentina sells most FX reserves since 2019 on importer demand

26-12-2024 19:14 Central Bank sells most foreign reserves in one day since October 2019 after officials eliminate PAIS tax on imports, igniting corporate demand for dollars.

CENTRAL BANK MANOUEVRES

Milei taps unseasonal source in search of dollars

30-10-2024 10:06 Faced by a shortage of foreign reserves, the Central Bank is turning to an unusual source of funding for this time of year: a risky trade by crop exporters.

ECONOMY & FINANCE

Argentina ships gold bars abroad to be financially certified

02-09-2024 20:30 Argentina’s Central Bank sent part of its gold reserves abroad in recent weeks to be validated for financial use.

AGRO

Agro dollars: the countryside liquidated US$2.61 billion in July

01-08-2024 16:08 The data of agro dollars come from the CIARA Argentine Chamber of the Oil Industry and the CEC Cereal Exporting Centre, two entities which combined account for nearly 50 percent of Argentine exports.

YPF CASE

Could Argentina's gold reserves be seized due to YPF debt?

25-07-2024 18:02 The government’s plan to get liquidity and show financial fortitude has opened a window of uncertainty in the face of possible international suits. There are priors which support the alert, and others that play it down.

by Ariel Maciel

POLITICS & ECONOMY

Milei says legislative win paves way for monetary policy pivot

28-06-2024 13:56 President Milei says government will change its monetary policy framework following his first major legislative victory.

FOREIGN CURRENCY RESERVES

Milei’s push to rebuild Argentina’s foreign reserves grinds to a halt

26-06-2024 23:36 Argentina's Central Bank is struggling to rebuild its chest of foreign reserves as it starts to spend money in currency markets to defend controls propping up the peso.

INTEREST RATES CUT

Central Bank lowers key rate to 60%

25-04-2024 15:07 Policymakers at Argentina’s Central Bank lower interest rates to 60% from 70% as officials bet on a sustained slowdown of inflation.

MONETARY POLICY

Central Bank likely to hold rate despite inflation spike

09-10-2023 21:04 Argentina’s Central Bank board plans to keep its benchmark interest rate unchanged despite inflation data hovering around a three-decade high.

DEFAULT ON THE CARDS?

Argentina vote shock leaves investors dreading the next default

16-08-2023 14:05 Investors are fretting about the implications of negotiating with little-known populist Javier Milei when an all-but-inevitable deby restructuring process comes.

Currency crisis

Argentine peso to slide 70% by next year, predicts Bank of America

16-08-2023 11:54 The worst is yet to come for the Argentina peso, already the world’s weakest currency this year, according to Bank of America strategists.

PASO REACTION

Out of options and money, Argentina presses the panic button

14-08-2023 22:09 After years of trying to avoid a currency devaluation that would add to soaring inflation and reduce its popularity with voters, Argentina's government has finally pushed the panic button.

BLOOMBERG

Argentina’s net reserves at record low, savings in the spotlight

10-07-2023 18:18 Argentina's Central Bank's net reserves have fallen into record negative territory, intensifying investor concerns about a possible run on the financial system.

IMF DEBT DEAL

Argentina pays IMF as negotiations to continue in Washington

30-06-2023 21:44 Government makes two payments owed to the International Monetary Fund before a Friday deadline; Senior officials Leonardo Madcur and Gabriel Rubinstein to hold discussions over a new staff-level agreement next week in Washington.

RELATIONS WITH CHINA

Economy Minister Sergio Massa to fly to China for swap line talks

28-05-2023 10:08 Argentina's economy minister will travel to China next week in a bid to free up more cash from a currency swap line that could help stem a peso sell-off before this year’s presidential election.

Bloomberg

Government hauls in oil firms for meeting amid dollar shortage

24-05-2023 10:43 Officials set to meet with oil firms to discuss how imports must be financed amid a severe shortage of dollars.

MONETARY POLICY

Central Bank to boost rates by 600 basis points as inflation soars

14-05-2023 11:55 Economy Minister Sergio Massa to announce new set of emergency measures, including raising Central Bank's key interest rate by 600 basis points to 97%.

BLOOMBERG – ANALYSIS

Argentina is going broke to stall a full-on currency collapse

10-05-2023 15:25 Battle to prevent peso from facing a total meltdown is leaving the Central Bank, by some estimates, broke.

ECONOMIC INDICATORS

Central Bank reserves drop to lowest level since 2016

03-05-2023 12:44 Central Bank reserves slump to their lowest level since October 2016 as institution plunders state coffers to defend struggling peso.

FIERY SPEECH FROM CFK

Cristina attacks Milei's dollarisation plan, blames IMF for inflation

27-04-2023 23:52 Vice-president declares that dollarisation would be “worse than convertibility” as she delivers highly anticipated speech that attacks IMF policies, opposition ‘inheritance’ and Javier Milei.

ELECTION 2023

CFK confirms she will not run for presidency

27-04-2023 23:27 Cristina Fernández de Kirchner reiterated on Thursday that she will not be a candidate in the October presidential elections.

POLITICS & ECONOMY

Fernández de Kirchner blames IMF for peso sell-off, inflation

27-04-2023 23:02 Cristina Fernández de Kirchner criticises the International Monetary Fund for prohibiting Argentina's Central Bank from intervening in financial markets to tame currency volatility in keynote speech.

MORE MEASURES FROM MASSA

Argentina to pay for Chinese imports in yuan instead of dollars

27-04-2023 00:16 Economy Minister Sergio Massa activates plan to boost dwindling reserves and agrees deal with Beijing that will allow Argentina to pay for Chinese imports in yuan instead of US dollars.

BLACK TUESDAY

Massa’s disobedience, Kirchnerite fury and inflation fears

26-04-2023 11:05 Economy Minister Sergio Massa will force a political debate in the wake of exchange rate crisis. Kirchnerism once again points finger at agricultural producers.

by Ariel Maciel

FINANCIAL TURBULENCE

President Fernández accuses opposition of fuelling peso fall

25-04-2023 17:55 Argentina's currency extends multi-day slump to weaken on parallel exchange markets against dollar to 497 pesos per greenback, with President Alberto Fernández and Economy minister Sergio Massa lashing out at "rumours and false reports."

FINANCIAL TURBULENCE

Economy minister vows to use ‘all tools’ to stop peso’s slump

25-04-2023 15:10 Argentina’s Economy Minister Sergio Massa vowed to staunch a collapse in the nation’s parallel currency rates as the peso’s worth slumps to record lows.

FINANCIAL TURBULENCE

Massa to use ‘all state's tools’ to counter exchange rate turmoil

25-04-2023 15:02 Economy Minister Sergio Massa vows to use “all the tools of the state” to bring “order” to dollar-peso turbulence, as he blames “rumours and false reports” for exchange rate turmoil on parallel markets.

DOLLARS & RESERVES

Government's bid to bring in dollars stumbles as peso falls faster

20-04-2023 15:09 Soybean exporters, who are temporarily allowed to sell dollars at a rate of 300 pesos per dollar compared to the official rate at 218, didn’t sell a single greenback Wednesday – the first day of no sales since the policy kicked in.