Dollar Climbs in Argentina as Market Tests ‘Bessent Dollar’ Support – October 13, 2025
Buenos Aires – The unofficial “blue” dollar in argentina continued its upward trend on Monday, trading at $1,455 for purchase and $1,475 for sale, while the official rate remains fixed at $1,400 for purchase and $1,450 for sale. The movement comes as markets assess the sustainability of the current exchange rate regime, dubbed the “Bessent Dollar” after financier Scott Bessent, and await further signals from the United States regarding continued support for President Javier Milei’s economic policies.
recent weeks have seen a period of relative calm, spurred by extraordinary support from former U.S. President Donald Trump for the Milei administration. this support initially led too a fall in country risk to 900 points and a rise in Argentine bonds and stocks. However, analysts warn this stability may be temporary, particularly ahead of the October 26 elections.
Economy Minister luis “Toto” Caputo recently returned from the U.S. with a reported financial agreement including a $20 billion swap and the purchase of bonds and pesos, but details remain scarce.Caputo has ruled out dollarization, stating, “It is discarded.”
Concerns persist that the current measures are insufficient to address underlying economic issues,with some observers characterizing the situation as a “feast designed for financial scoundrels” where global financial networks extract value from Argentina. The effectiveness of the U.S. resolution in curbing devaluation expectations remains a key factor in the coming weeks.
