YPF

Money Moves

Developing Vaca Muerta shale; seeking LNG export financing

Argentina's current account swung from a $2.45 billion deficit to a $2.21 billion surplus in the second quarter of 2026, driven by a record export haul. The central bank has bought more than $16 billion in the foreign exchange market this year, over 60% above the $10 billion target in its IMF program. Gross reserves slipped back below $50 billion on November 5 after an $880 million payment to the IMF.

Updated 6 days ago