The Central Bank of Argentina has consistently purchased US dollars every day in February, totalling US$1555 million during the month, which is a significant increase in foreign reserves.
In February 2026, the Central Bank of Argentina (BCRA) successfully purchased US dollars on each trading day, a stark contrast to January when it refrained from purchases on the first working day of the year. This consistent acquisition resulted in a total of US$1555 million being added to the bank's reserves over 18 trading days, averaging about US$86.4 million per day. Today's purchase included an additional US$31 million, marking the 39th consecutive day of dollar acquisition and contributing to a total of US$2713 million since the series began on January 5.
The implications of these daily purchases are profound for Argentina's economy, particularly in stabilizing the exchange rate amidst ongoing financial challenges. The BCRA's strategy appears to be effective in increasing foreign reserves and providing a buffer against currency fluctuations, signaling an ongoing effort to strengthen the peso. The ability to maintain such purchases consistently is seen as a positive signal for market confidence in the BCRA’s capacity to manage the economy's foreign exchange needs.
As the BCRA continues to build its reserves, analysts will be watching closely to determine how these actions impact the broader economic conditions, pricing stability, and the overall financial health of the country. With an emphasis on bolstering the national currency and reducing volatility in the exchange market, the BCRA's initiatives seem essential for fostering economic growth and financial resilience in Argentina.
