The Central Bank of Argentina (BCRA) bought US$642 million across the four sessions to Friday, October 16, its strongest week since mid-July, including US$68 million on Friday. Purchases for 2026 reached US$15.551 billion, above the US$10 billion goal, and gross reserves closed at US$50.236 billion, a one-month high. Buying picked up after a weak September, when the bank bought only US$473 million, helped by farm and energy export dollars and more than US$20 billion in foreign debt issued by provinces and companies since the October 2025 midterm elections. The article notes that purchases do not raise reserves one-for-one because debt payments draw dollars out, and that the IMF tracks net rather than gross reserves.
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