Record Reserves and the Central Bank's Financial Plan

According to a report by iProfesional on July 11, 2026, the Argentine economy is showing signs of strength with rising reserves and an agricultural sector speculating on better international prices.

For international investors, it is key to understand that the BCRA (Banco Central de la Republica Argentina, the country's Central Bank) has successfully positioned its reserves at USD 48.722 billion after paying the amortization and interest on sovereign debt. The financial plan is a great success: in 123 trading sessions of 2026, the BCRA bought USD 11.440 billion (in April it bought USD 2.769 billion; in May, USD 2.596 billion; in June, USD 1.418 billion; and in the first 8 days of July, USD 337 million). The self-imposed goal is USD 17 billion, meaning they only need to acquire about USD 5.560 billion by the end of the year, a very achievable figure of USD 927 million per month.

The Agribusiness Strategy and Dollar Retention

In Argentina, the agro-export sector (exporting grains and derivatives like soybeans, corn, and wheat) is the main engine of foreign currency income. Currently, this sector maintains a waiting strategy that could bring excellent news for dollar liquidation in the second half of the year. There are still USD 37.108 billion left to liquidate among wheat (USD 3.464 billion), corn (USD 10.597 billion), and soybeans (USD 23.048 billion). Producers are observing Northern Hemisphere weather and the exchange rate lag: in the first half of the year, the US dollar rose by 1.7%, compared to a local inflation rate of 14.7%. Furthermore, diesel fuel (locally known as gasoil), crucial for grain transport, went from ARS 1,538 (Argentine Pesos) to ARS 2,115 per liter, a 37.5% increase.

The Star Bond: A Great Chance for Investors

For savers looking for yield, on Monday, July 15, 2026, a new star instrument will be offered: the AO29 bond. This title matures in October 2029 and pays a monthly yield of 0.5% (an annual rate of 6.0%). It is estimated to launch at 95% of its nominal value, which yields a very attractive Internal Rate of Return (IRR) of 8.5% annually. An ideal opportunity to dollarize with solid returns!

Strategy and the Hour of Stocks

Expert Salvador Di Stefano recommends moderating aggressiveness in bets, deleveraging, and actively taking profits. With the country risk (the premium investors demand to buy Argentine debt) on the decline (the GD35 bond yields 8.3% annually and the AL35 9%), if foreign-law bonds drop below 8.0%, the government could issue debt abroad, providing much more predictability. This positive scenario heralds the arrival of the hour of stocks, where the valuation of local companies would tend to rise significantly.

You can check the original article on iProfesional for more market details.