Argentina · Country watch
BCRA Reserves Fall; Argentine Markets Plunge
BCRA reserves drop after IMF payment, while Argentine markets face severe declines amid external pressures.
In this briefing Banco Central de la República Argentina · International Monetary Fund · La Gaceta · Banco Nación
Regulation
BCRA reserves drop by $600 million after IMF payment
The Banco Central de la República Argentina (BCRA) reported a $600 million decrease in its international reserves following a scheduled payment to the International Monetary Fund (IMF), according to El Dia. The reserves fell from $48.845 billion to $48.245 billion. This marks a halt in the BCRA's recent streak of dollar purchases, highlighting ongoing financial pressures. The payment was part of Argentina's ongoing obligations under its agreement with the IMF.
Impact Lenders to Argentina face increased risk as BCRA reserves shrink after a $600 million IMF payment.
Sources: El dia ↗
Retail closures expected for Commerce Employee Day
Retail operations across Argentina will be affected on Monday, September 28, due to the observance of Commerce Employee Day, La Gaceta reports. The holiday will result in the closure of many supermarkets, shopping centers, and retail stores, as per the existing regulations. The observance is expected to disrupt normal business operations for one day, impacting both consumers and retail employees.
Impact Retailers in Argentina will face a temporary closure on September 28 due to Commerce Employee Day.
Sources: La Gaceta ↗
Disruption
Nothing significant reported today.
Internal tension
Nothing significant reported today.
Safety & health
Nothing significant reported today.
Companies
Nothing significant reported today.
Markets
Argentine stocks and bonds plummet amid external pressures
Argentine stocks and bonds experienced significant declines as external financial pressures mounted, Infobae reports. The escalation of U.S. Treasury bond rates has disrupted markets, causing Argentine ADRs to drop by up to 13% and dollar-denominated bonds by 4%. The country's risk index rose above 600 points again, and the dollar reached a record high of ARS 1,545 at Banco Nación. The Central Bank managed to purchase only USD 29 million, reflecting ongoing market volatility.
Impact Investors in Argentine equities and bonds face severe losses as markets react to external financial pressures.
Sources: Infobae ↗
Trade
Nothing significant reported today.
Politics
Nothing significant reported today.
Also today in Argentina
- EN VIVO | Clima en México hoy 26 de septiembre: ¿cuál es la ruta del huracán Polo y qué estados afectará? — Infobae
- Nueva marcha en España contra Pedro Sánchez: le reclaman por Ceuta y piden elecciones anticipadas — El intransigente
- From dual currencies to crypto. Is Argentina a blueprint for the stablecoin future? — Buenos Aires Herald
- Gobierno Nacional atribuyó al contexto internacional la suba del Riesgo Pais — El intransigente
- Caputo les habló con el corazón, pero los inversores le respondieron con el riesgo país — Perfil.com
- Paro universitario: gremios convocaron a una medida de fuerza para la próxima semana — Cronica
- Brasil, Estados Unidos e Israel: las tres elecciones que pondrán a prueba la estrategia geopolítica de Milei — Infobae
- "Se quebró el stop loss, nos pasamos dos pueblos" — El Economista
Sources in this briefing
Sources: each headline links to the original article on the publisher's site.
The same day elsewhere
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- Canada: Building Canada Strong Act, AI Training Paused
- China: China Expands Loan Support, Zhejiang Hardware Exports Grow
- Germany: Protests Against Social Reforms, Gas Leak Disruption
- Egypt: CBE Lowers Inflation Forecast, Gold Exports Drop
- Spain: Ceuta Protests Intensify, Spanish Bond Yields Surge
- France: Clermont-Ferrand Incident; Foreign Investment Scrutiny
- United Kingdom: SNP Planning Law Shift, UK-UAE Tensions Rise
- Indonesia: Pertamina Fuel Prices Rise, Padang-Solok Road Closed
- Israel: E1 Tender Postponed, UN Blacklist Impacts Israeli Firms
- India: TRAI TV Rules, Heavy Rain Disruptions, Nifty Losses
- Iraq: Iraq-Germany Urban Talks, Al-Zaidi's Oil Vision
- Iran: Strait of Hormuz Reopening, US Warns Iran's Partners
- Jordan: Jordanian Firms at Saudi Expos, Water Theft Crackdown
- Japan: Kumamoto Evacuation, Finance Minister on Yen
- Kenya: Ruto's Coastal Tour, Digital Attacks Surge
- South Korea: Chuseok Traffic Woes, Korea-Mexico Trade Talks
- Lebanon: Lebanon Fuel Strike Begins, Inflation Concerns Worsen
- Morocco: Tensions in Tangier, Power Outage Scheduled
- Mexico: Hurricane Polo Disrupts Ports, EU Trade Concerns
- Malaysia: Minimum Wage Hike Planned; Bangkok Flood Alert
- Nigeria: Petrol Prices Drop, Diphtheria Crisis, Naira Stability
- Netherlands: Dutch Budget Talks, Green Claims Fines, Police Action
- Poland: Road Blockade Near Lublin, Eurozone Economic Signals
- Portugal: SNS Access Proposal, Portugal's Budget Debate
- Russia: Sochi Airport Closes, Ukraine's Steel Production Halts
- Senegal: Senelec Vandalism and Chinese Hospital Ship
- Syria: Syria-Iraq Gasoline Corridor, Syrian-Jordanian Banking
- Turkey: Turkey Freezes Assets, Istanbul Power Cuts
- Ukraine: Kyiv Data Center Shuts, Ukraine Eyes Baltic Ports
- United States: U.S.-China Tariff Deal, Northeast Storm Disrupts
- Vietnam: New Rice Export Rules, SCIC Investment Model
- South Africa: Cape Town Power Outage, Coalition Bill Delays