13/07/2026 10:18 - Economia
Aiming to maintain exchange rate stability heading into the 2027 elections, the Central Bank of the Argentine Republic (BCRA) would implement a robust financial plan. The main goal would be to sustain the US dollar value around 1,500 Argentine pesos, a strategy designed to calm the markets and prevent abrupt jumps in the exchange rate.
According to specialized media, this so-called shield would have an estimated firepower of 20 billion US dollars, which includes a renewal of repo operations (short-term loans) for 6 billion US dollars. The strategic measures would include:
For foreign investors, Carry Trade is a financial strategy seeking profits by taking advantage of interest rate differences. In the local context, keeping pesos betting that the devaluation will be lower than the interest rate offers a gain in dollars. With a controlled dollar at 1,500 ARS and attractive local rates, the BCRA aims for investors to choose to stay in pesos, reducing pressure on the US currency.
The plan is not without obstacles. A lower inflow of foreign currency from the agricultural sector is expected in the second half of the year, a factor that traditionally pressures the dollar upwards. Additionally, the demand for Foreign Asset Formation (known locally as FAE, meaning dollars purchased to save abroad) would exceed 2 billion US dollars per month.
Despite this, the macroeconomic scenario shows encouraging indicators: the country risk is near 400 points, its lowest level since April 2018, and inflation in the City of Buenos Aires for June was 1.8%, with a national projection close to 2%. As of July 13, 2026, the official retail dollar opened at 1,515 Argentine pesos at Banco Nación (the National Bank).
Sources: Clarín and El Cronista.
Alfredo S. Quiroga
