FX Market

Blue Dollar Updates

Milei loosens control on peso as reserves reach seven-year peak

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A wave of dollars flowing into Argentina is providing President Javier Milei with the opportunity to allow the peso to trade more freely, as the Central Bank’s previously depleted foreign reserves have reached their highest level since 2019. Despite Milei’s affinity for free markets, he has maintained strict control over the currency since assuming office, … Read more

Blue Dollar Note

Argentines have US$26bn after currency controls were lifted

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Since the partial lifting of currency controls last April, Argentines have acquired approximately US$26.39 billion in the official foreign-exchange market, as reported by Central Bank data. Reports indicate that purchases intensified in the months preceding the midterm elections. From April 2025, the total currency sales have reached US$3.68 billion, leading to a net acquisition of … Read more