The reconstruction of Argentina's monetary sovereignty is progressing steadily under the leadership of Javier Milei. The Central Bank of the Argentine Republic (BCRA) has managed to string together an impressive streak of 93 consecutive days with a net purchase balance in the foreign exchange market. This dynamic has allowed the monetary authority to accumulate nearly USD 9 billion so far in 2026, consolidating a financial shield that was unthinkable under the previous model.
On a personal level, the performance of the last week has been exceptional. Just this Friday, the entity led by Santiago Bausili acquired USD 139 million, closing the weekly cycle with purchases exceeding USD 900 million (specifically USD 909 million). With these movements, the BCRA reached total acquisitions of USD 8.990 billion since the implementation of the new monetary scheme in January. It is noteworthy that April was the month with the highest volume at USD 2.769 billion, while so far in May, USD 1.835 billion has already been accumulated.
This resounding success is reinforced by the support of international organizations. The board of the IMF approved the second review of the Extended Fund Facility (EFF) program for a total of USD 20 billion, enabling the disbursement of USD 1 billion in fresh funds that will soon impact reserves.
Currently, the international reserves stand at USD 46.803 billion, having grown by USD 52 million in the last session and being just a step away from the record of Javier Milei's administration recorded in February, which was USD 46.905 billion.
