News of reserves

Argentina missed early window to sell bonds, investors say

11-03-2026 17:33 Investors say Milei government may have missed a window to return to debt markets in January after deeming it too expensive.

Analysing Argentina

Venezuela: Is Milei on the right or the wrong side of history?

10-01-2026 06:51 A Venezuelan comeback, especially if it entails large investments in rebuilding infrastructure, would be a direct regional competitor for Vaca Muerta, a development that has improved its production efficiency but still needs to streamline costs.

by Marcelo J. García

Trump ousts Maduro

Argentina backs Trump’s plan to ‘run’ Venezuela, downplays call for elections

07-01-2026 17:31 Casa Rosada accepts that elements of Maduro regime will remain in place in Venezuela and do not view calls for free elections as viable; Milei, who has cooled on Machado’s potential leadership of nation, will back Trump’s intervention in upcoming Davos speech.

BANKS STEP IN

Argentina secures US$3-billion loan from private banks

07-01-2026 15:51 Short-term repo operation boosts reserves ahead of more than US$4 billion in foreign-currency debt repayments due this week.

MARKET MANOUEVRES

Santander, BBVA, Deutsche lead US$3-billion repo for Argentina

07-01-2026 13:35 Argentina secures US$3-billion loan from a group of international banks to help cover a foreign debt payment; Central Bank reaches a one-year repurchase agreement – or repo – with lenders at rate of 7.4%.

CRISIS IN VENEZUELA

The US and Venezuela's vast oil reserves: key questions

04-01-2026 14:53 Venezuela has the largest proven reserves in the world, with 303.221 billion barrels, according to OPEC

MONETARY POLICY

Milei gives in to IMF pressure and opens door to inflation risk

17-12-2025 12:50 Economic team has relinquished price deceleration as its overriding priority in an effort to break through the floor of Argentina’s country risk rating, but new strategy faces market scepticism over government’s financing capacity.

by Eugenia Muzio

BONDS & MARKETS

Argentina moves closer to bond market return with peso pivot

16-12-2025 22:08 Central Bank will begin to gradually unwind the tight grip it keeps on the currency starting January; Officials also say they’re going to start buying dollars to boost the Central Bank’s cash stockpile.

CENTRAL BANK ANNOUNCEMENT

Argentina to adjust peso's exchange rate bands in line with inflation

15-12-2025 23:13 President Javier Milei’s government says it will adopt a new monetary framework, adjust the peso’s trading bands in line with inflation and build up Central Bank’s international reserves.

MONETARY POLICY

Argentina to loosen currency policy and build reserves

15-12-2025 16:22 Beginning in 2026, the peso’s trading bands will expand at the same rate as monthly inflation, announces Argentina’s Central Bank.

POLITICS & ECONOMY

Milei readies major reforms while markets await currency shift

09-12-2025 15:28 Argentina currently allows the currency to trade within a strict set of bands, a policy that has helped keep inflation in check. But analysts say it has also created an overvalued peso that is weighing on the economy.

INTERNATIONAL MONETARY FUND

IMF sees Argentina meeting year-end reserves target challenging

04-12-2025 13:32 IMD admits Argentina's bid to build up its foreign reserves and meet end-year accumulation target will be “challenging.”

LOANS ON WAY?

Caputo: Argentina negotiating loan of up to US$7 billion with banks

03-12-2025 23:33 Economy Minister Luis Caputo confirms negotiations with private banks are ongoing over an amount equivalent to US$7 billion.

ANALYSIS: SHOCK THERAPY

Milei defies investor calls to build up foreign currency FX reserves

20-11-2025 11:18 Why the government is hesitant to build up international reserves, let the peso float and relax currency controls.

IMF DEBT PROGRAMME

Argentina awaits data before seeking to renegotiate IMF targets

15-11-2025 16:32 Argentina intends to renegotiate reserve requirements, but will wait until the end of the year to do so.

IMF INTERVENTION

IMF warns government it needs to build up foreign reserves faster

13-11-2025 18:25 International Monetary Fund staff urge government to build up its foreign reserves faster; Intervention adds fuel to debate between Milei’s team and some investors over whether overhaul of currency policy is necessary.

ANALYSIS: SHOCK THERAPY

Milei keeps the peso from driving huge price hikes

12-11-2025 10:59 Shoppers increasingly stick to essentials and foot traffic is thinning, limiting the ability of businesses to raise prices.

ECONOMIC POLICY

Caputo tells bankers Argentina to build reserves, buy back bonds

10-11-2025 10:53 Economy Minister Luis Caputo tells investors Argentina plans to buy back sovereign bonds and start accumulating foreign reserves even while the peso trades within its band.

COST OF POWER

Milei spent around US$7.4bn protecting dollar pre-election

25-10-2025 16:03 Sunday’s legislative elections come at a historic cost: President Milei’s government has used around US$7.4 billion – a figure that could rise to US$8.4 billion, including funds from US Treasury are included – to keep the peso-dollar exchange rate stable over the two months leading up to the vote. According to Banco Provincia, it is the fourth-largest foreign exchange intervention since 2003.

by Carlos Burgueño

ECONOMY – ANALYSIS

US backing won’t save Argentina without policy shift, economists warn

20-10-2025 22:58 Financial support from the United States government won’t be sufficient alone for Argentina, warn experts; Milei administration must change monetary policy if it is to stabilise finances long-term, they believe.

by Santiago del Carril

WASHINGTON'S RESCUE PACKAGE

United States buys pesos, confirms US$20-billion lifeline for Milei

09-10-2025 18:26 Washington steps in to save Milei with direct purchase of pesos and a US$20-billion currency swap; US Treasury Secretary Scott Bessent ready to take “exceptional” measures to stabilise Argentina’s economy in the face of "acute illiquidity.”

ANALYSIS: SHOCK THERAPY

Milei pulls out all stops in defence of fragile peso

08-10-2025 13:33 After burning through billions of dollars in reserves, Argentina’s government is getting creative and finding new alternatives to defend the peso.

RESERVES & CURRENCY WOES

Milei running short of dollars as Argentina awaits US lifeline

07-10-2025 16:14 Argentina’s Treasury is burning through its dollar deposits to prop up the peso, with traders estimating it has as little as US$700 million left in its coffers.

ANALYSIS: SHOCK THERAPY

Currency arbitrage costs Milei US$2 billion a month in Argentina

01-10-2025 12:59 A temporary surge in farm-export dollars has prompted Argentines to purchase cheap greenbacks.

AGRICULTURE & LIVESTOCK

Argentina re-establishes grain export duties as farmers cry foul

26-09-2025 08:59 Government ends suspension of export duties after US$7-billion target is met; Meat and poultry to remain exempt; Reports say just 12 producers, mostly large agro-exporting, benefitted.

AGRICULTURE & ECONOMY

Milei’s tax cut on crops quickly lures US$7 billion

25-09-2025 08:52 Agro exporters rush to take advantage of temporary drop in export duties; Experts call on government to boost Central Bank reserves.

IMF DEBT PROGRAMME

IMF offers Milei backing, hails progress on inflation, fiscal reform

11-09-2025 14:25 IMF praises Milei inflation drop, cautions over market volatility; No immediate concerns over peso intervention, says Fund spokesperson.

IMF DEBT PROGRAMME

IMF relaxes Argentina’s reserves target by US$5 billion in 2025

02-08-2025 19:25 IMF offers President Javier Milei's government breathing room on a key benchmark target, making it easier for the country to continue with its US$20-billion funding programme.

ECONOMY – ANALYSIS

The risks of the Milei government’s economic plan

17-07-2025 10:03 Macroeconomic order and disinflation alone do not guarantee long-term sustainability.

by Luis Secco

ANALYSIS: SHOCK THERAPY

Rush of farm dollars fails to lift peso ahead of vote

10-07-2025 09:37 Three months after President Javier Milei lifted Argentina’s currency controls, early investor optimism has given way to growing caution

DEBT & BONDS

Bank of China, JPMorgan among banks in US$2-billion repo

11-06-2025 21:49 Milei administration reaches agreement with seven private banks on a repurchase agreement of US$2 billion.

CENTRAL BANK MANOUEVRES

Argentina eases bond auction rules in aim to lure more dollars

09-06-2025 22:10 Central Bank unveils slew of measures aimed at helping the nation amass more hard-currency reserves.

Analysing Argentina

Milei chooses to ignore emerging consensuses

31-05-2025 06:23 With less than five months to the midterm vote, nothing seems to be standing in the way of a good result for the government. But Milei 2025 should already start thinking about Milei 2027

by Marcelo J. García

BACK TO MARKETS

Argentina sells peso bonds abroad for first time since Macri era

28-05-2025 23:49 Milei government says it has raised US$1 billion in first peso-denominated bond issuance in nine years.

ANALYSIS: SHOCK THERAPY

Milei intervenes in currency market despite letting peso float

28-05-2025 11:36 Argentina’s government has intervened in the currency markets to influence the peso’s value and is likely to miss reserve accumulation targets.

MARKETS & BONDS

Argentina claims return to global markets with peso bond sale

26-05-2025 20:51 Argentina’s government will issue a five-year bond denominated in pesos that’s aimed at international investors who are allowed to purchase it in US dollars.

BUSINESS & INVESTMENT

Argentina signals to investors IMF cash to come despite reserves

23-05-2025 10:14 Argentina expects to receive a US$2-billion disbursement from the IMF next month, regardless of whether nation hits target for rebuilding foreign reserves.

NEW MEASURES

Argentina eliminates export duties for thousands of manufactured goods

30-04-2025 21:34 President Javier Milei's government eliminates export duties for thousands of industrial products; Economy Minister Luis Caputo says tax levy was "affecting competitiveness" in announcement hailing the move.

ANALYSIS: SHOCK THERAPY

Milei defies forecasts so far as Argentina’s peso strengthens

23-04-2025 22:41 Analysts see a stronger peso over the next few months with traders buying into President Javier Milei's plan.

ENERGY & GAS

Governors seek Vaca Muerta investments at Texas energy summit

23-04-2025 11:12 Leaders from four provinces in Argentina – Río Negro, Neuquén, Mendoza and Córdoba – aim to showcase their competitiveness to the global oil elite in Texas at the Offshore Technology Conference.

by Eugenia Muzio

IMF BOOSTS 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.

ECONOMY – ANALYSIS

IMF deal fine print could disrupt China swap renewal

10-04-2025 05:36 In June, the grace period China granted Javier Milei expires. Washington is already pressuring Buenos Aires over the currency swap, with US$6.5 billion remaining frozen.

by Eugenia Muzio

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.

IMF PROGRAMME

Argentina seeks large portion of US$20-billion IMF deal up front

28-03-2025 12:00 The size of Argentina’s first disbursement has become the most important issue of negotiations at this stage, with President Milei's government seeking a large portion up front.

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.