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Argentina risk country index falls to 430 points amid Milei's central bank reform
Argentina’s country‑risk index closed July 31 at 430 points, down 11 points from the previous day, after President Javier Milei announced a reform of the Central Bank charter that would prohibit monetary financing of the Treasury and increase the bank’s independence. The announcement spurred a rally in Argentine sovereign bonds, while the S&P Merval fell 0.2 % in peso terms and 1.3 % when measured in dollars. Wall Street‑listed Argentine stocks slipped, led by Banco Supervielle (‑5.8 %), BBVA Argentina (‑3.5 %) and Cresud (‑3 %). The wholesale dollar ended the month at $1.485 per US $, a 0.2 % monthly rise and the smallest increase in the last quarter. The official dollar remained below the $1,500 ceiling, trading around $1.460 for buying and $1.510 for selling – about 24.2 % under the band’s upper limit. Futures markets projected the wholesale dollar near $1.515 by the end of August and around $1.6305 by December. Analysts said the reform aims to improve debt sustainability and reduce financing costs for the government.
Entities
Argentina · Argentine peso · Argentine sovereign bonds · Banco Central de la República Argentina · Banco Central de la República Argentina (BCRA) · Banco Nación · Central Bank of Argentina · Central Bank of Costa Rica · Costa Rica · Fernando Rodríguez · JP Morgan · Javier Milei
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] Osvaldo Granados said no economist opposes Milei's central‑bank measures.
- [○ 1 SOURCE] Milei's reform aims to stop the Central Bank from issuing new money.
- [○ 1 SOURCE] Markets reacted positively to Milei's measures, with Argentine bonds and stocks rising. canalc.com.ar
- [○ 1 SOURCE] President Javier Milei announced a reform of the Central Bank's charter to preserve the peso and stop money printing. www.parlamentario.com
- [○ 1 SOURCE] Inflation was reported at 33 % year‑on‑year, with a 1.9 % monthly increase in June. www.parlamentario.com
- [○ 1 SOURCE] Credit‑card consumption in pesos fell from 26 trillion to 23 trillion, a drop of 3 trillion pesos.
- [● 2 SOURCES] Ricardo Arriazu warned that a currency run will exist in Argentina unless citizens stop hoarding dollars. www.parlamentario.com
- [○ 1 SOURCE] Salvador Di Stefano projected the dollar to reach about 1,830 pesos within a year, tracking inflation.
- [○ 1 SOURCE] The risk‑premium index for Argentina fell to 430 points. www.diarioelzondasj.com.ar
- [○ 1 SOURCE] The parallel (blue) dollar rate was 1,560 pesos on July 31, 2026.
- [○ 1 SOURCE] IMF Managing Director Kristalina Georgieva visited Argentina on July 31, 2026.
- [● 2 SOURCES] The official Argentine dollar buy rate was 1,460 pesos on July 31, 2026. www.adnsur.com.ar