
Argentina’s central bank bought $42 million on November 5, bringing its reported 2026 purchases to more than $16 billion and exceeding its $10 billion annual reserve-accumulation target agreed with the IMF. Gross reserves nevertheless fell below $50 billion after a payment to the IMF.
Central-bank dollar purchases can support reserves and the peso, while the IMF payment drained reserves and may renew attention to external financing and currency pressure. The net implications for the peso are mixed, with no direct feed-commodity supply change reported.
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