With a purchase of USD 81 million, the BCRA reached 122 consecutive days with a positive balance, accumulated over USD 300 million in July, and consolidated the stability of the exchange market
The management of President Javier Milei continues to dismantle financial speculation with an unprecedented buying streak that restores predictability to the Nation. On a day that confirms the solidity of the economic program, the Central Bank added 81 million dollars to its reserves.
With this new influx, the monetary authority has already accumulated more than 300 million just in July, chaining an astonishing streak of 122 consecutive days of currency purchases in the market. This overwhelming performance occurs in a context of very high activity, where the traded volume in the spot segment reached USD 725.6 million, the highest level so far this year.
Buying and selling dollars
This massive influx of foreign currency allowed the wholesale dollar to drop two pesos (0.1%), closing at $1,486.50. The effectiveness of the official policy is indisputable: so far in 2026, the wholesale exchange rate has barely advanced 31.50 pesos, representing a marginal increase of 2.2%.
Additionally, the BCRA reported that the ceiling of the floating bands was set at $1,814.21, leaving the official dollar at a prudent distance of 327.71 pesos (22%) from the theoretical upper limit.
For its part, the public dollar remained unchanged for the fourth consecutive day at $1,510 at the Banco Nación, while the blue dollar recorded a minimal movement to close at 1,515 pesos. In the futures market, the trading volume exceeded USD 1,600 million, with the position for the end of July retreating to 1,500.50 pesos.
According to economist Gustavo Ber from Estudio Ber, the market is undergoing a "break" after the global realignment of emerging currencies against a DXY sustained by the hawkish stance of the Fed under the leadership of Kevin Warsh.
International Reserves 2019-2026
The underlying strategy of the government has been to safeguard the country's financial future. The Secretary of Finance, Federico Furiase, highlighted that, thanks to the financial surplus, the Government has a net financing surplus of USD 3.7 billion, which will serve as a cushion for the maturities of 2027. “The financial program was designed with very conservative assumptions and multiple options”, stated Furiase, emphasizing the successful rebuilding of reserves being carried out by the BCRA.
The success of the model was also endorsed by analyst Salvador Di Stefano, who emphasized that, under the presidency of Javier Milei, the accumulated inflation has been 319%, while the wholesale devaluation was 311.7%. In the words of Di Stefano: “Those who stayed in cash dollars lost against inflation and the wholesale dollar”. This is complemented by the strong announcement of the extension of REPOs with international banks for USD 6 billion until September 2028, at a competitive rate of between 7.6% and 7.7%.
Finally, this scheme of technical solvency has allowed net reserves to jump to USD 4.47 billion, reaching their most positive level since November 2021. Looking towards the external sector, the Rosario Stock Exchange projects that the agriculture sector will liquidate USD 34.9 billion during 2026, ensuring that the flow of foreign currency continues to fuel the engine of economic freedom.
