The President Javier Milei He met on Wednesday in his office from Casa Rosada with the president of the Association of Argentine Banks (ADEBA), Javier Bolzico. As he could know Scope, The meeting was scheduled “weeks ago”, although it finally took place after a day of the rise of the Blue dollar.
“Visions were exchanged and addressed issues related to the evolution of credit and development of the financial system”Entity sources pointed out to this medium, while qualified by the meeting as “very good.”
In both terminals they denied that the issues of situation have been touched, except for The reciprocal guarantees societies (SGR), whose functioning was resentful of laws to raise retirement and their form of financing.
A meeting marked by the blue dollar rise
In the previous meeting, the Blue dollar closed Tuesday to $ 1,310 for purchase and $ 1,330 for saleaccording to the City operators consulted by Scope. The parallel currency started with an increase of $ 10 and reached $ 1,350, although after the official intervention in the futures and the peso curve, it closed with a decrease of $ 10. So, The gap With the official exchange rate it was located in the 5.6%.
Meanwhile, the ADRs climbed up to 6% and the dollar bonds bouncing after the favorable ruling by YPF in New York.
This Tuesday, the Minister of Economy, Luis Caputo, He went out to explain the tools that the government used to stop the escalation of the official dollar that approached the $ 1,300. He highlighted a liquidity absorption in the peso market and launched criticisms of banks in the framework of the recent exchange of Fiscal Liquidity Letters (LEFI).
“The Lefi were supposed to be exchanged for Lecaps. But the banks, fearful of losing daily liquidity, did not go with everything and preferred to make numerals,” the minister explained through his X account.
Last Tuesday the official dollar interrupted its upward streak and backed up up to $ 20, after having exceeded – for the first time – the $ 1,300. The brake corresponded to a strategy of the Central Bank (BCRA) that reactivated passive passes, an instrument that was not used from the length of the stocks.
In detail, the tool was used to absorb weights and Recalibrate short -term rates, which jumped to 36% per year. Everything happened in the midst of the Lefis disarmament complex, a measure that is part of the process of Transition to a new monetary policy based on aggregates.
The intervention was complemented with sales in the futures market, which contributed to putting a brake at least transitory, to exchange pressure.
Source: Ambito
