The Central Bank has once again shown a positive signal for the economic plan of the Government of Javier Milei. In the session on this Monday, the monetary authority purchased USD 71 million and extended to 79 consecutive sessions its buying streak in the foreign exchange market.
With this new operation, the BCRA has already accumulated USD 7.226 billion acquired so far in 2026. This figure is not insignificant: it represents more than 72% of the target set for the entire year, marking a significant advance in the rebuilding of reserves, one of the central points to consolidate macroeconomic stability.
April was the strongest month so far, with purchases of USD 2.769 billion.
The result confirms that, in a context where the Government seeks to organize public accounts, maintain fiscal balance, and rebuild confidence, the influx of foreign currency is beginning to become a key factor to safeguard the economic program.
Nonetheless, net reserves did not grow at the same pace as purchases, as part of the dollars were used by the Treasury to meet debt obligations. Even so, the Central Bank managed to maintain the accumulation of foreign currency without abandoning the official strategy.
Official projections estimate that the BCRA could end the year with net purchases between USD 10 billion and USD 17 billion.
The outcome will depend on the level of liquidation from the agricultural sector, the demand for pesos, and the inflow of private capital. In this sense, the Government expects that the heavy harvest will bring in more foreign currency in the coming weeks, along with corporate issuances abroad totaling over USD 3.2 billion.
International reserves closed at USD 45.683 billion, with a daily increase of USD 1.2 billion. The improvement was mainly linked to technical movements by banks that tend to withdraw dollar deposits at the end of the month and reintegrate them at the beginning of the following month.
In parallel, the wholesale dollar rose to $1,402.50, while the retail dollar closed at $1,425 at the Banco Nación. The blue dollar ended at $1,405. Despite these movements, the underlying political and economic data is clear: the Central Bank continues to buy dollars and the Government is advancing in its goal of rebuilding reserves.
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