INSUBCONTINENT EXCLUSIVE:
The Central Bank sold $60 million in foreign currency that day, pushing total April sales past $80 million.These interventions aim to
stabilize the volatile currency market but have drained reserves significantly
2024.Over two trading sessions, it rose by 50 pesos, a nearly 4% increase
valuations by $328 million on April 7 alone
The financial dollar closed at approximately 1,380 pesos per unit, signaling continued pressure on reserves.Net reserves are now estimated
to be negative by over $11 billion when accounting for liabilities
and the sustainability of a recent $20 billion IMF agreement
Argentina faces mounting challenges as it struggles to balance domestic instability with global financial turbulence
