The Central Bank acquired USD 128 million and now totals more than USD 5.8 billion in 2026

In a scenario of marked exchange rate calm and signs of economic order, the Central Bank of the Argentine Republic (BCRA) continues to strengthen its position in the foreign exchange market, consolidating a trend that reinforces the official strategy. The monetary authority has already accumulated 67 consecutive wheels with a buyer's balance, reflecting a sustained policy of recomposition of reserves in line with the new monetary scheme promoted by the

Government.

On the last day alone, the BCRA added USD 128 million, raising the cumulative total so far from 2026 to more than USD 5.8 billion. Since the implementation of the new scheme in January, purchases amount to USD 5.849 million, representing 58% of the target set for the entire year. Among the most notable transactions, an acquisition of USD 457 million was completed last Friday, the second most important under current management, surpassed only by the USD 468 million recorded on April 4

, 2024.

However, the growth of international reserves is limited by the obligations of the Treasury, which has allocated part of these currencies to the payment of foreign debt. This factor has restricted the net increase in international assets, evidencing the weight of inherited commitments on

current financial dynamics.

To sustain the pace of purchases, the Central Bank chose to issue pesos without resorting to sterilization mechanisms, while the Treasury absorbed part of the liquidity by placing securities in local currency. This coordination aims to contain the expansion of the monetary base and avoid pressure on the dollar and prices, in a delicate balance between reserve accumulation and macroeconomic stability

.

For the rest of the year, official estimates project that the net balance of purchases could be between USD 10,000 and USD 17 billion, depending on the demand for pesos and the availability of foreign exchange. In this regard, the head of the BCRA, Santiago Bausili, remarked that the evolution of acquisitions will be fundamentally determined by

these factors.

At the close of the last session, international reserves stood at USD 45,627 million, after a daily fall of USD 246 million, explained by the decrease in the valuation of the assets that make up the Central Bank's stock. It should be remembered that in February, a peak of USD 46,905 million had been reached, the highest level since 2018 and a maximum under current management. The recent changes respond both to debt payments in foreign currency and to changes in the valuation of assets, including gold and bonds, in a fluctuating international context

.

At the same time, the foreign exchange market continues to show signs of stability. During the day, USD 503.1 million was traded in the cash segment, where the wholesale dollar fell five pesos to $1,359. So far in April, it has accumulated a drop of 23 pesos (-1.7%), while since the beginning of 2026 the fall has reached 96 pesos

(-6.6%).

The Central Bank set the upper band of the exchange rate scheme at $1,679.05, leaving the wholesale exchange rate $320.50 (23.6%) below that ceiling. This wide margin makes it possible to intervene in the market without creating shocks, consolidating the predictability sought

by economic policy.

In the retail segment, the dollar to the public also fell five pesos, to $1,380 for sale at Banco Nación, its lowest value since October 13.

Meanwhile, the blue dollar closed stable at $1,410, after reaching an intraday high of $1,415.

Despite inflation of 3.4% in March, according to INDEC data, the future dollar market reflected lower expectations. Contracts due at the end of April, which accounted for most of the transactions, fell $6.50 to $1,371.

Thus, the value is $332.22 (24.2%) below the upper band expected at the end of the month, set at $1,703.22, reinforcing the perception of exchange rate stability in the short term.