The monetary authority finalized a purchase of USD 110 million, the most important intervention of the month, while international reserves already exceed USD 46 billion.
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Since the beginning of the so-called “phase 4” of the economic program promoted by Javier Milei's management, in early 2026, the Central Bank of the Argentine Republic has already acquired a total of US$ 7,485 million, equivalent to 75% of the minimum reserve accumulation goal, set at US$ 10,000 millions and US$ 17 billion. In this framework of financial consolidation, gross international reserves reached US$ 46,056 million, after registering a daily increase of US$ 105 million. In this way, reservations reached their highest level since April 27.
During the exchange round of May 8, the monetary authority purchased US$ 110 million in the Free Exchange Market (MLC), a transaction that represented 19.2% of the volume traded on the day. In addition, it was the largest buyer intervention so far this month
. Buying and selling dollars
The market showed significant dynamics, with total transactions of US$ 573.6 million, a figure that represented a growth of 45% compared to the previous Thursday, that is, close to an additional US$ 180 million
.
As for the exchange rate, the wholesale dollar closed at $1,398, with a marginal increase of just $2 (+0.1%). For its part, the blue dollar remained stable at $1,400, the same value recorded at the end of April
.
For the purchase, financial institutions paid around $1,380, just ten pesos above the $1,370 offered by banks to their customers.
In the retail segment, the dollar to the public averaged $1,418.34 for the sale and $1,367.10 for the purchase.
Meanwhile, Banco Nación ended the day with a price of $1,420, accumulating a weekly increase of $10, equivalent to 0.7%.
International Reserves 2019-2025.
The managed floating scheme implemented by the Government maintains strong technical strength. Currently, the upper band of the official exchange rate is $1,717.98, leaving the official exchange rate at a distance of 22.9%
from that limit.
The operator of ABC Mercado de Cambios, Nicolás Merino, explained that “supply was constantly present, containing increases and also generating limited setbacks.”
In turn, an IERAL report, belonging to the Mediterranean Foundation, supported the economic direction of the ruling party, stating that “if demand for pesos grows, the Central Bank could buy dollars without generating additional inflationary pressures, strengthening reserves and improving conditions for reducing country risk and interest rates.”
In line with this strategy, the BCRA confirmed that it will continue with a policy of prudent and surgical accumulation of reserves. As explained by the bank, “the amount of daily execution of the reserve accumulation program will be aligned with a share of 5% of the daily volume of the foreign exchange market”, with the objective of avoiding imbalances and
