The Central Bank achieved the third longest streak of reserve purchases in history.

In a display of financial strength that astonishes the markets, the Central Bank of the Argentine Republic (BCRA) has achieved 95 consecutive days with a net purchase, thus marking the third longest streak of reserve purchases in history in Argentina.

This milestone, which places the current administration just one day away from surpassing its own historical record, was solidified after the acquisition of USD 132 million on this Wednesday. The success of the Milei Effect is so significant that the monetary authority has already captured more than USD 9.2 billion in 2026, representing over 92% of the originally set annual purchase target.

Since the implementation of the new monetary scheme in January, the agency led by Santiago Bausili has accumulated a total of 9.234 billion dollars, with outstanding performance in April, where purchases peaked at USD 2.769 billion.

Regarding May, the upward trend has deepened with a total of USD 2.079 billion, demonstrating a notable acceleration in recent weeks where the moving average of purchases increased from USD 66 million daily to USD 182 million.

According to analysts from Portfolio Personal Inversiones (PPI), “the pace of purchases accelerated significantly in recent weeks... in parallel with greater liquidation from the agricultural sector”, a phenomenon expected to repeat as the main harvest is still in its early stages.

This flow is complemented by the renewed dynamism of the private sector; debt placements by companies and provinces abroad have already exceeded USD 1.6 billion just in May, reflecting a substantial improvement in local financial conditions.

Finally, the support from international organizations validates the path chosen by the President. Following the approval of the second review of the Extended Fund Facility program, the International Monetary Fund (IMF) disbursed USD 1 billion, boosting gross reserves above USD 47 billion, their highest level since 2019.

At the close of the last trading day, gross reserves totaled USD 47.867 billion, a figure that shields the Argentine economy against any eventuality, even in the face of imminent commitments such as the payment of Bopreal Series 3 for USD 1.020 billion plus interest. The reconstruction of national wealth is a fact, and the numbers leave no room for doubt: the path to freedom is the only one that guarantees prosperity

This process of cleaning up the Central Bank's balance sheet is supported by an impeccable technical strategy: the issuance of pesos for the purchase of foreign currency is offset by the issuance of debt in local currency by the Treasury, thus managing to contain inflation and stabilize the exchange rate without resorting to excessive issuance. Santiago Bausili himself has projected that, depending on the demand for pesos, the net purchase balance for this year could fall within an optimistic range of USD 10 billion to USD 17 billion.