Javier Milei's economic plan continues to set milestones. Gross international reserves have surpassed US$41,000 million in a scenario of strong foreign currency inflows from the agricultural export sector and an active Treasury purchasing policy, which has already accumulated purchases of more than USD 1,700 million this month.
The advisor to the Minister of Economy, Luis Caputo, Felipe Núñez, confirmed on his X account that the Treasury acquired USD 500 million in "block" trades (block trades), strengthening foreign currency deposits and taking advantage of the extraordinary liquidity caused by the temporary elimination of export duties. Last week, "block" purchases had already reached USD 1,345 million, according to Caputo himself.
Meanwhile, the Central Bank made disbursements of USD 334 million to meet international commitments: USD 116 million to the Paris Club, USD 65 million to the IDB, and USD 97 million to the CAF. These expenditures caused a specific decrease of USD 116 million in gross assets, which closed at USD 41,122 million. However, net reserves remain at a robust level of USD 7,128 million, showing the Government's ability to honor payments while at the same time strengthening its currency position.
The agricultural sector continues to play a leading role in this process. In the last week, it settled about USD 3,640 million, which allowed reserves to grow by almost USD 2,000 million. There are still another USD 2,900 million to be settled under the zero export duty scheme, ensuring a sustained flow of foreign currency in the short term.
