According to a report, the treasure barely has about US $ 1,130 million in the BCRA, almost the same amount that must allocate external payments in the coming weeks.
He Electoral result in the province of Buenos Aires He left the markets on alert, but in the City Porteña there was already concern for another front: Treasury’s ability to contain exchange pressure. According to a report by the 1816 economic consultant, the numbers show that the Treasury action margin to sell dollars In the market it is limited.
A limited fire power
According to the official data deposits in Treasury in the Central Bank, In recent days there were sales operations for more than US $ 500 millionwith interventions that accelerated between Tuesday and Friday of last week. Even so, towards the closing of Friday, the treasure accounts would barely add some US $ 1,130 million available.
The problem is that a good part of that amount already has a destination assured: between September 8 and October 26, the Treasury Face maturities with international organizations —Incluid the Paris Club – for around US $ 1,165 millionpractically the same level as your deposits in the BCRA. Therefore, 1816 warns that The ability to continue using dollars to intervene in the exchange market “is extremely limited” If new external disbursements appear.
THE LOOK ON THE CENTRAL BANK
The consultant points out that the BCRA fire power is greaterwith liquid reserves close to U $20,000 millionalthough with nuances: yuan, gold or Deg are not included. The key will be the political decision of the government regarding or not the ceiling of the exchange band in the next seven weeks.
In fact, according to the current scheme, The central could start selling dollars at $ 1,470 levelsalthough Minister Luis Caputo himself clarified that “Nothing is going to change either economically or exchange”implying that there would be no turn in the strategy.
Screen capture 2025-09-08 085025
The unknown: how many reservations will be used
Beyond the amounts, the big question in the market is How many currencies will be willing to sacrifice the government here to the October elections. Analysts do not rule out that, in addition to sales in the spot, the rates of rates or higher sales of futures are used to try to stop the climb. According to 1816, The position sold of the future dollar closed on Friday at $ 5,800 million, with a legal margin of up to US $ 9,000 million.
In summary, the report reflects an alarm signal: while the treasure has an almost exhausted fire power, the attention is concentrated in the reserves of the Central Bank and in the political will of the government to use them to calm the dollar in a context of maximum post -electoral tension.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
