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Argentina's Central Bank Unveils $20 Billion Shield to Anchor Peso and Boost Investments

13/07/2026 19:01 - Economia

A Historic Financial Shield for the Argentine Peso

The Central Bank of the Republic of Argentina (BCRA) has taken the reins of economic stability with an audacious strategy. With a firepower of USD 20 billion, the entity seeks to anchor the value of the US dollar around 1,500 ARS (Argentine Pesos), generating a climate of exchange rate calm and optimism for the future.

What is the Carry Trade and Why is it Attractive Again?

The term carry trade refers to an investment strategy where investors borrow or sell a currency with a low interest rate to buy another that offers a higher yield. In Argentina, with inflation projected at a national 2% for June 2026 (1.8% in the City of Buenos Aires, known as CABA) and fixed-term deposit interest rates ranging between 16% and 19.5%, the real profit in pesos becomes highly attractive. This halts the flight to the dollar and encourages savings in the local currency.

Measures Implemented by the BCRA

  • ✅ Active intervention in the futures market.
  • ✅ Sale of dollar-linked bonds.
  • ✅ Swap of CER inflation-linked bonds (TZXD6) for D31L6 and D31G6.
  • ✅ Refinancing of USD 6 billion with 10 banks through REPO operations.

Recent Achievements of the Economic Plan

  • 📉 The country risk premium fell to 400 basis points, its lowest level since April 2018.
  • 💵 Payment of USD 4.2 billion in debt.
  • 📈 The IMF projects a 3.5% economic growth for Argentina.

Looking Towards 2027

The national government has already presented its Plan 2027, which projects covering financial needs of USD 24.9 billion. As part of this strategy, on July 15, 2026, the Bonar 2029 sovereign bond will be launched, valued at USD 2 billion. This proactive approach promises to maintain the path of stability and sustained growth, opening doors for international investors looking at the South American country.

Source: Clarín

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