The Argentine and U.S. governments have been selling dollars to stop a run on the peso

It will be used to intervene in the foreign exchange market to reduce ‘volatility,’ the government said

The same day, the IMF reiterated calls for Argentina to boost reserve accumulation

Markets have a ‘heightened sensitivity to headlines’ about the U.S. bailout, one analyst said

The bailout could total over US$40 billion, with the new funds adding to the previously announced currency swap

Treasury Secretary Scott Bessent announced the purchase of pesos after a week of negotiations with Argentine officials in Washington

The Central Bank claims it has merely clarified an existing restriction. Analysts aren’t buying it

New limits on dollar purchases follow U.S. support, as the government aims to curb exploitative currency operations and bolster reserves ahead of 2026 debt maturities

The Central Bank reduced its rates on repos, and financial institutions followed suit