Milei’s Treasury Set to Snap Up Large Dollar Sales in Argentina

Argentina’s Treasury is moving to scoop up large amounts of foreign currency in block trades just as $7 billion from grain exports enters the market, according to three people with direct knowledge of the matter.

Central bank officials have contacted the trading desks at major financial institutions on behalf of the Treasury, asking to be notified whenever a client posts a sizable dollar-sale order, the people said, requesting anonymity to discuss private conversations with Argentine officials.

The Treasury aims to buy those dollars directly from sellers to prevent large inflows from strengthening the peso excessively, the people added, with one ...