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Argentina: Milei defends Caputo and claims USD 125B reserve
Argentine President Javier Milei has dismissed rumors regarding the departure of Economy Minister Luis Caputo, describing their working relationship as ‘symbiotic’ and asserting that the administration's economic policies are his own. Milei stated that the government maintains USD 125 billion in reserves to mitigate potential currency volatility during the 2027 electoral cycle, citing energy surpluses and debt refinancing as key factors.
Simultaneously, the administration faces legal and oversight scrutiny. The Auditoría General de la Nación (AGN) reported a USD 1.023 billion loss related to gold-linked derivative operations conducted by the Central Bank (BCRA) in 2025. In response, lawyer Gregorio Dalbón has requested the detention of Minister Caputo and Central Bank President Santiago Bausili, alleging potential fraud and abuse of authority. The BCRA has been given 15 days to provide details regarding these gold reserves and financial operations.
On the legislative front, Governor Rogelio Frigerio of Entre Ríos has expressed support for eliminating the PASO primary elections. Frigerio argued that reducing the number of electoral calls would prevent voter fatigue and address declining participation ahead of the 2027 elections.
Entities
Argentina · Auditoría General de la Nación · Banco Central de la República Argentina · Central Bank of the Argentine Republic · Entre Ríos · Ignacio Torres · Javier Milei · La Libertad Avanza · Luis Caputo · Martín Menem · Rogelio Frigerio
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 12 SOURCES] The government claims to have USD 125 billion available to counter a potential currency run in 2027. www.dataclave.com.ar · eldigitalneuquen.com.ar · spnoticias.com.ar · www.elsol.com.ar · catamarcadigital.com · +7 more
- [● 17 SOURCES] President Javier Milei described his relationship with Economy Minister Luis Caputo as ‘symbiotic’. frenteacano.com.ar · tolhuinprimero.com · www.dataclave.com.ar · eldigitalneuquen.com.ar · www.radiogol.com.ar · +12 more
- [● 5 SOURCES] President Milei expressed strong confidence in his administration's reelection in 2027. frenteacano.com.ar · tolhuinprimero.com · www.cadenaoh.com.ar
- [● 3 SOURCES] Chamber of Deputies President Martín Menem denied rumors regarding Luis Caputo's departure from the cabinet. www.surenio.com.ar · catamarcadigital.com
- [● 5 SOURCES] Entre Ríos Governor Rogelio Frigerio supports eliminating the PASO primary elections to avoid electoral fatigue in 2027. analisislitoral.com.ar · seranoticia.com · federalaldia.com.ar · www.redesdenoticias.com.ar
- [● 2 SOURCES] President Milei claimed the country is seeing significant dollar inflows due to the energy surplus. lapioneradeclorinda.com · miramardiario.com
- [● 5 SOURCES] The AGN reported a loss of USD 1.023 billion related to gold-linked derivatives in 2025. diariopampero.com · www.villamercedes.info · exclusiva.com.ar · rpereznetonline.com.ar · satelitenoticias.com
- [● 4 SOURCES] Lawyer Gregorio Dalbón requested the detention of Luis Caputo and Central Bank officials regarding gold derivative operations. www.villamercedes.info · exclusiva.com.ar · rpereznetonline.com.ar · satelitenoticias.com