25/06/2026 16:06 - Economia
MSCI Inc., one of the world's most influential market index providers, announced on Tuesday, June 24, 2026 that Argentina will remain classified as a "Standalone Market" — the lowest category in their classification system — until at least 2027.
Argentina currently shares this classification with countries like Panama, Jamaica, Nigeria, Ukraine, and Zimbabwe. Until 2021, Argentina was considered an Emerging Market, but lost that status due to strict currency controls implemented during the previous administration.
ADRs (American Depositary Receipts) are certificates representing shares of foreign companies traded on U.S. exchanges. Argentine ADRs suffered significant losses:
The S&P Merval — Argentina's main stock index — fell 4.3%, closing at 3,110,490 points, with banking stocks leading the decline.
The Country Risk Index, calculated by JP Morgan, rose 4 basis points to 437 basis points.
Dollar-denominated sovereign bonds fell an average of 0.1% following the MSCI announcement.
| Exchange Rate Type | Selling Price | Daily Change | June 2026 Change |
|---|---|---|---|
| Blue Dollar Parallel Market | $1,530 ARS | +$25 (+1.7%) | +$100 (+7%) |
| Official Rate Banco Nación | $1,495 ARS | +$5 (+0.3%) | +$65 (+4.5%) |
| Wholesale Rate Commercial | $1,479 ARS | +$7.50 (+0.5%) | +$71 (+5%) |
The Blue Dollar jumped $100 in June, representing a 7% increase this month. Three factors drive this surge: the global strengthening of the U.S. dollar, reduced foreign currency supply as the agricultural harvest season ends, and seasonal demand from workers receiving mid-year bonuses and tourists traveling for the 2026 FIFA World Cup.
The Central Bank of Argentina (BCRA) — equivalent to the Federal Reserve in the U.S. — purchased USD 70 million in the market, representing 10.8% of the day's total supply.
International reserves fell by USD 532 million, reaching USD 46.937 billion — the lowest level since May 22, 2026.
International markets showed a mixed session with risk aversion:
Brent crude oil fell 5% to USD 73.26/barrel and gold dropped 3.5% to USD 4,003/ounce.
MSCI's Standalone Market classification is the lowest tier in their market classification system. It indicates that a country presents significant obstacles for international investors, such as:
Alfredo S. Quiroga
