The Argentinian government, under President Javier Milei, has implemented measures to bolster the Central Bank's reserves and stabilize the currency market. The Treasury purchased $200 million to increase reserves without directly affecting the dollar's exchange rate.
This intervention comes amid economic challenges, including rising dollar demand and upcoming legislative elections. Despite agricultural sector inflows, pressure on the peso has intensified, exacerbated by international tensions in the Middle East.
The Central Bank has actively intervened in the futures market to prevent excessive exchange rate increases and maintain economic stability. These actions align with Argentina's commitments to the International Monetary Fund (IMF), which includes increasing net reserves by $4.4 billion by year-end.
A technical mission from the IMF arrived in Buenos Aires on June 23, 2025, to conduct the first review of the $20 billion agreement. The government has also relaxed currency controls to attract foreign investment and strengthen international reserves.
These measures aim to stabilize the currency market and meet economic goals set with the IMF, amidst internal and external economic challenges.