The BCRA has already reached USD 10.139 billion accumulated since January and has surpassed the reserve target set for all of 2026, consolidating a historic streak of 101 consecutive trading days.
Only in the month of May, the increase in gross reserves reached USD 3.708 billion, marking the highest monthly growth level in the last seven years, bringing the total stock at the close of today to USD 48.369 billion.
In an unprecedented milestone that ratifies the course of economic recovery undertaken by the current administration, the Central Bank of the Argentine Republic (BCRA) officially surpassed the foreign currency accumulation target set for the entire year 2026 this Thursday. Thanks to a strategy of fiscal discipline and monetary order, the entity achieved an extraordinary streak of 101 consecutive days with a net purchase balance, after acquiring another USD 119 million in the foreign exchange market today.
Since the new monetary scheme was launched in January, the entity led by Santiago Bausili has managed to absorb a total of USD 10.139 billion, operating with positive results on almost all days, with the only isolated exception being January 2. This overwhelming performance peaked on April 10, when the monetary authority recorded a daily record purchase of 457 million dollars.
The success of this model has even exceeded the most optimistic projections of the Ministry of Economy, which originally estimated a net balance of between USD 10 billion and USD 17 billion for 2026. During the Cambras Business Day event, Minister Luis Caputo emphatically highlighted the effectiveness of the management:
“Today the target agreed with the IMF of USD 10 billion has already been met. In a very optimistic scenario, we thought that if things went very well, the Central could buy USD 17 billion. But if we can maintain the current pace, we could reach USD 24 billion. It’s not what we expect; we will probably be between 17 billion and 24 billion dollars”.
To sustain this virtuous circle of reserve accumulation without neglecting price stability, the BCRA has issued pesos for purchases, which have been efficiently absorbed by the Treasury through the placement of debt in local currency. This mechanism has allowed for the stabilization of both the dollar exchange rate and inflation.
In the details of recent operations, it is observed that in the last week, the Central added USD 761 million, while so far in June, the accumulated figure has already climbed to 392 million dollars.
Furthermore, the combined balance of dollars accumulated between the BCRA and the Treasury (including repo operations and BOPREAL cancellations) reaches USD 7.980 billion, after deducting the payments of commitments made by the Treasury.
The future prospects under the impetus of libertarian policies are even more promising. Luis Caputo emphasized that this achievement is just the beginning, projecting that by the year 2031, thanks to the investments attracted by the RIGI, the balance of the energy and mining trade will rise to USD 60 billion, representing a jump of USD 40 billion compared to current levels.
With the acceleration of liquidations from the agricultural sector and the expected inflow of USD 3.2 billion from corporate and provincial debt issuances, the government of Javier Milei consolidates a financial shield that promises an era of stability and growth never seen before.
