The exchange session once again showed official purchases, declining rates, and contained financial spreads
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The Central Bank of the Argentine Republic closed the currency trading day with a buying balance and added US$ 50 million to the market, in a key session to continue consolidating the accumulation of reserves under the economic scheme of the Government of Javier Milei.
According to the daily report published by the monetary authority, international reserves ended this Monday, June 22, at US$ 47.507 billion, while the purchase of foreign currencies reached US$ 50 million. This data confirms a new positive intervention by the BCRA, in a context where the market closely monitors the dynamics of the dollar, interest rates, and the Central Bank's ability to strengthen its balance sheet.
The summary of the BCRA day
On the currency front, the average selling retail exchange rate reported by the Central Bank closed at $1,481.791 per dollar. In parallel, the official retail dollar ended at $1,430 for buying and $1,480 for selling at Banco Nación, while in the wholesale segment, the main market reference, the currency closed at $1,462.
Financial dollars also operated with narrow spreads. The MEP dollar closed at $1,481, with a spread of 1.3% against the official rate, while the cash with settlement ended at $1,523.37, with a difference of 4.2%. The blue dollar, for its part, finished at $1,475 for buying and $1,495 for selling in the informal market.
The card dollar, which arises from the official retail rate plus the 30% surcharge deductible from the Income Tax, was at $1,924. It thus remains the highest rate for spending abroad, although with less prominence compared to financial dollars, which continue to function as a real thermometer of private demand.
Santiago Bausilli, president of the Central Bank
Regarding rates, the BCRA reported that the TAMAR for private banks was at 22.19% TNA, while the BADLAR closed at 20.69% TNA. In annual effective terms, the consolidated data shows a TAMAR of 24.58% TEA and a BADLAR of 22.76% TEA.
The day left a favorable signal for the market: the Central Bank continued buying dollars, reserves remained above US$ 47.500 billion and exchange rate spreads remained under control. E
