Gross Reserves reach USD 48.368 billion, their highest level in seven years, thanks to 98 consecutive days of purchases and the confidence of the private sector.
Under the firm national leadership of Javier Milei, the Central Bank of the Argentine Republic (BCRA) has achieved a historic milestone by reaching 98% of the annual target set for foreign currency purchases in just five months. With a strict discipline in the foreign exchange market, the entity added USD 55 million this Monday, consolidating a total accumulation of USD 9.806 billion so far in 2026.
This resounding success is framed within the implementation of the new monetary regime initiated in January, which has allowed for a streak of 98 consecutive days of purchases, a sequence that was only interrupted on January 2.
Buying and selling dollars
The efficiency of the economic policy is reflected in compelling figures:
April 10 marked the peak of this management with a daily purchase of USD 457 million.
During the month of May, interventions resulted in a favorable balance of USD 2.596 billion, with the last week standing out for acquisitions of USD 761 million.
Gross reserves climbed to USD 48.368 billion, recording a daily increase of 177 million dollars and reaching their highest level in nearly seven years.
From the Ministry of Economy, there is optimism regarding the flow of foreign currency, noting that a considerable portion of the dollars from agricultural exports is still to be received. The main harvest remains the pillar of this strengthening; according to a report from Portfolio Personal Inversiones, the liquidation from the sector accelerated from USD 125 million daily in April to USD 141 million in May. In this regard, the entity noted that “practically all of the foreign currency provided by agriculture ended up being absorbed by the monetary authority, while the net flows from the rest of the sectors balanced each other out”.
International Reserves 2019-2026.
The president of the BCRA, Santiago Bausili, emphasized that the demand for pesos and the availability of foreign currency will be the determining factors to meet the official forecasts, which project a net balance of purchases between 10,000 and 17,000 million dollars for this year. Bausili highlighted that “the evolution of these factors will be central to achieving the annual objectives”.
Even while facing inherited or technical debt commitments, solvency is total. The BCRA proceeded to pay the Bopreal Series 3, canceling 34% of the issued capital for an amount close to USD 1.020 billion plus 3% interest. Meanwhile, the private sector and the provinces demonstrate their confidence in the country's direction; debt issuances in international markets are expected to exceed USD 3.200 billion soon. Companies like EDEMSA have already made successful placements, adding flow to a market that, according to GMA Capital, has already accumulated USD 11.900 billion since the midterm elections.
Finally, the monetary authority clarified regarding the last jump in the coffers that “the increase in reserves today is explained, in addition to the purchases of the day, by the usual movements of banks at the beginning of the month”. With 97% of the target already in hand, the government of Javier Milei demonstrates that the path of freedom and financial responsibility is the only way to rebuild the greatness of Argentina.
