He Financial Analyst Salvador Di Stefanoknown as the Blue Guruanalyzed the consequences of NEW CEPO exchange arranged by the Central Bank (BCRA) and launched one warning about the impact it could have in the coming months.
The monetary authority He restored the call Cross restrictionwhich prohibits savers operate in more than one market exchange at the same time. In this way, those who acquire dollars in the official market will not be able to access the financial dollar for 90 days, such as the MEP or the Counted with liquidation (CCL)and vice versa.
In radio statements, Stefano He explained that the measure aims to stop the “exchange rulo”, A maneuver that consisted of buying dollars in a cheaper market and reselling them in another more expensive.
“You could go to the bank, grab the dollars, Buy at $ 1,330 and sell at $ 1,400. That rulo has $ 70 of difference, but then when you take commissions, it can be 40 pesos apart. So every day you do that with U $ s10,000 And you get $ 400,000 To the bag, ”said the analyst.
Uncertainty in the market
The specialist said the regulations seek “that money is not filtered on that side and try to make the gap between the dollar and the MEP more limited”However, he warned that doubts persist:
“Why does that happen? Because still The market distrusts and is very defensive. There are many people saying that after the elections the bands are built and that many things will happen. Everyone generates all uncertainty without certain information, ”he said.
In that line, he recalled that so much Javier Milei as the Minister of Economy Luis Caputo They ratified that they will not lift the band scheme after the elections. “Now, it would seem that in Argentina what the president and the minister (Caputo) says, who until today fulfilled everything they said, would be a devalued word. But hey, the market is like this and now we will be waiting for the development of events,” he reflected.
Criticism at the end of zero retentions
In another section of your analysis, Stefano He questioned the early completion of zero withholdings to the grains and claimed the government to contemplate an exit for producers who failed to enter the benefit.
“Those who may be Inside the quota they are happy And those who do not get into the quota are going to get angry. What happens is that the universe of the field of small and medium producers is huge. When the country man was about to see what he could do (…) they told him that the quota was closed, ”he said.
And he added: “If us We are sowing to contribute more currencies To the country, is there a benefit and close it to us both days?
For the Blue Guru, “It is necessary that some possibility be contemplated of the government that the benefit is allowed to access ”those who were left out of the transitional scheme of retentions 0%.
Finally, he remarked: “An official can say ‘the rules were clear.’ Now, imagine a person who is in Charata, in Sachayoj or in Huincar Renancó, who does not have the times of a financial operator. That person that person Today it feels hurt and frauded. It would seem to me that a window would have to open to solve this, because the truth is that it is a unfortunate situation. ”
Source: Ambito
