Luis Caputo confirmed that the Treasury purchased $200 million: "It will strengthen reserves."

Economy Minister Luis Caputo confirmed that the National Treasury purchased $200 million to strengthen the Central Bank's (BCRA) reserves . The operation, which took place last week, was carried out using pesos from the primary surplus. In this way, the Government seeks to intervene in the foreign exchange market without directly affecting the Central Bank.

The news was confirmed by Caputo on his official X account, where he responded with a "True" to a post by journalist Cecilia Boufflet. In that message, the journalist explained that the Treasury had begun purchasing dollars in blocks to bolster international reserves , using the funds generated by the fiscal surplus.

Boufflet explained that the Treasury carries out these operations when the exchange rate is in the middle of the exchange rate band and acquires blocks of dollars offered by banks, provinces, or private companies. This scheme prevents the Central Bank from intervening directly and allows the Executive Branch to maintain a degree of stability without compromising its goals with the International Monetary Fund (IMF).

"The Treasury is going to buy large blocks of dollars. Which dollars? Those liquidated, for example, by a bank or a province that issues debt," Boufflet explained. Along these lines, Luis Caputo reaffirmed the strategy as part of the program that had already been announced in a streaming service weeks ago.

The impact of this intervention was also reflected in the official dollar , which rose in recent days and closed at $1,191.50 this Thursday. The Treasury's purchase of foreign currency was one of the factors influencing this increase, as the operation requires foreign currency in the market.

At the same time, an IMF mission is in the country to review compliance with the new agreement signed by the Javier Milei government, which includes fiscal and reserve accumulation targets. Purchases like the one confirmed by Caputo seek to improve the country's external position amid this process.

Meanwhile, the Central Bank reported that gross international reserves increased by $1.38 billion in the last five days, with the help of the Bonte (National Monetary Fund), which contributed $500 million. Thus, the entity's coffers closed the week at $41.528 billion, according to official figures.

The strategy of adding foreign currency through the Treasury, without direct intervention from the Central Bank, allows for strengthening international reserves while maintaining a fiscal surplus. Luis Caputo had anticipated this maneuver as a way to "stabilize without breaking rules," and now he confirmed it with a brief but forceful message: "True."