Argentina Reserves Top US$50 Billion as the Central Bank Keeps Buying Dollars
Argentina's central bank bought dollars for 16 straight days, pushing gross reserves above US$50 billion for the first time in seven years. The milestone reflects active currency management and a new high for the current administration. The post Argentina Reserves Top US$50 Billion as the Central Bank Keeps Buying Dollars appeared first on The Rio Times .
Argentina's central bank has reached a significant milestone, with gross international reserves soaring past US$50 billion. This high marks the first time since 13 September 2019, and the highest level in roughly seven years. The Central Bank of the Argentine Republic has been actively buying dollars, pushing reserves to record heights.
On Thursday, the bank purchased US$89 million, its largest single-day foreign currency acquisition in August 2026. This followed 15 consecutive days of net purchases. As a result, the reserves rose above the US$50 billion mark, reflecting active currency management and valuation gains.
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