The Central Bank has already reached 65% of its 2026 goal and today it bought USD 105 million

In a context of reconfiguration of the monetary and exchange rate scheme, the Central Bank of the Argentine Republic has already reached 65% of its reserve accumulation target for 2026, driven by a sustained pace of purchases that had daily peaks of more than USD 400 million. This performance positions it on a trajectory that not only aims to meet the base objective of $10 billion, but even to approach the projected ceiling of USD 17

billion.

The monetary authority registered a new positive day with the acquisition of USD 105 million, maintaining an average of purchases above the limit of 5% of the daily volume of the Single and Exchange Free Market (MULC), a parameter that had been set as an operational reference. In mid-April, this pace allowed us to exceed 60% of the annual goal, strengthening the optimistic projections of the team led by Santiago Bausili

.

In parallel, the BCRA accumulates 72 consecutive days with a buyer balance, combining direct interventions and block transactions with companies. On the last day alone, it totaled USD 235 million, while the cumulative total for the year already exceeds USD 6,491 million, consolidating more than half of the objective set within the new monetary regime.

Private estimates also support this trend. The consultancy firm Analytica estimated purchases of USD 6.02 billion since the start of the program, which represents 171.5% above the 5% limit of the MULC and is equivalent to 60% of the base goal of USD 10 billion. The volume purchased even exceeded the prudential metric of $5,161 million, driven by a sustained pace since the

second week of February.

The good performance was highlighted by the vice-president of the BCRA, Vladimir Werning, during meetings with investors in Washington D.C., where he presented evidence that on most days purchases exceeded the 5% threshold of the MULC. In April alone, the bank already accumulated close to USD 2 billion, evidencing an acceleration compared

to previous months.

During the presentation of “Phase 4” of the economic program, Santiago Bausili explained that the accumulation of reserves responds to the dynamics of demand for money and the liquidity of the exchange market. The base scenario envisages an expansion of the monetary base from 4.2% to 4.8% of GDP by December 2026, with purchases of USD 10 billion. However, with an additional increase in demand for money equivalent to 1% of GDP, acquisitions could scale to USD 17 billion without the need for