The Central Bank of the Argentine Republic continues to consolidate the process of monetary order and strengthening of reserves driven by the national government. On Monday's trading day, the monetary authority acquired USD 39 million in the foreign exchange market, which made it possible to surpass the threshold of USD 1.000 billion accumulated in January and extend to 16 consecutive sessions the streak of net purchases.
With this sustained dynamic, the Central Bank has accumulated USD 1.017 billion so far this month. Meanwhile, gross reserves rose to USD 45.740 billion after a daily increase of USD 179 million, reaching the highest level since mid-September 2021. The figure reinforces the signal of macroeconomic predictability and confirms the impact of the new framework based on fiscal discipline, control of money issuance, and clear rules in the foreign exchange market.
The growth of the stock of reserves was also driven by the increase in the international price of gold. The institution holds approximately 1.98 million troy ounces, whose price exceeded USD 5.000 per unit in the last session, providing additional support to the Central Bank's balance sheet and strengthening its equity position.
Regarding foreign currency purchases, the higher inflow of dollars from the agribusiness export sector and the placement of debt by private companies expanded supply in the foreign exchange market, facilitating official intervention without generating distortions. The Central Bank keeps an operating limit that allows it to acquire up to 5% of the volume traded daily in the Mercado Libre de Cambios, with the objective of preserving stability. On specific trading days, that threshold was exceeded through transactions arranged outside the wholesale market.
