07/07/2026 22:07 - Economia
According to TN, the Central Bank of the Argentine Republic (BCRA) achieved a historic milestone on July 7, 2026. Net reserves experienced a jump of USD 1.2 billion, reaching a total that exceeds USD 49 billion. This is the highest level recorded since 2019, marking a hopeful milestone in the Milei era.
The announcement regarding the reserves comes within the framework of the financial plan presentation by the Minister of Economy, Luis Caputo. For the year 2026, financing needs amount to USD 19.2 billion, while sources add up to USD 22.9 billion, leaving a surplus cushion of USD 3.7 billion. For 2027, balanced needs and sources are projected at USD 24.9 billion.
Furthermore, the Argentine country risk experienced a notable drop, settling between 410 and 415 basis points, the minimum since April 2018. Argentine companies' shares (ADRs) on Wall Street reflected this optimism with increases of up to 7.4%, led by BBVA and Supervielle.
The foreign exchange market remains stable, with the Banco Nación (BNA) dollar trading at 1,510 ARS and the 'blue dollar' at 1,515 ARS. The government's plan includes the debut of the Bonar 2029 (AO29) bond on July 15, 2026, with a cap of USD 2 billion at an annual rate of 6% with monthly payments.
For now, market signals are encouraging, with the BCRA accumulating purchases in the foreign exchange market and projecting a horizon of greater financial stability for the coming years.
Alfredo S. Quiroga
