Argentina's FX reserves at 7.4% of GDP, lowest in region, as BCRA purchases slow sharply

Argentina's central bank reserves have fallen to 7.4% of GDP, the lowest in Latin America and less than half the regional average. Daily USD purchases in September dropped to $14 million from $100 million in H1, signaling a sharp slowdown in reserve accumulation amid an uncertain global environment. This raises concerns about Argentina's external vulnerability and policy sustainability.