US EditionArgentina's New FX Bands and Reserves Policy Aim to Boost Credibility
11 Articles
11 Articles
Argentina's Central Bank to loosen up leash on US dollar
Argentina's Central Bank (BCRA) announced Monday a twitch to its foreign exchange policy, which was welcomed by the International Monetary Fund (IMF). The new strategy seeks to further boost reserves and will become effective in January 2026.
With the announcement made today, the government and the Central Bank (BCRA) begin to say goodbye to exchange rate dogmatism in order to embrace pragmatism in the matter. The most important thing is the decision to move forward in a easing of the current exchange rate scheme – defined just eight months ago – by going on to index, from next month, the “ceiling” and the “floor” of the exchange rate band for inflation (so far they were adjusted to …
"We welcome the recent market access and announced measures to strengthen the monetary and exchange rate framework, rebuild reserve buffers and push for growth-enhancing reforms," said the agency's spokesperson, Julie Kozack, in her 'X' account.
After the Central Bank (BCRA) announced on Monday a new phase of its monetary program, the Minister of Economy, Luis Caputo, gave details about the new system of accumulation of international reserves and explained how the changes in the dollar will be applied. “The band scheme remains. The change is minor, but it is an improvement of what we had,” he said. According to the Central, since January 2026 the floor and roof of the exchange bands wil…
Channel C The IMF endorsed the dollar bands and supported the new currency path The International Monetary Fund welcomed the Central Bank's announcements on the implementation of floating bands for the dollar, highlighting Argentina's recent access to markets and measures to strengthen the monetary and exchange rate framework. Through a message published on social network X, the agency's spokesperson, Julie Kozack, pointed out that these decisio…
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