Regarding what happened last November, the result of tickets was explained by the net purchases of “Human persons” for US$110 million, partially offset by net sales of legal persons and others for US$58 million. The “Human Persons” bought tickets for US$114 million and made sales for US$4 million.
Regarding the number of people who operated, the BCRA, chaired by Miguel Pesce, It counted 575,000 individuals who bought tickets, while some 22,000 sold, thus resulting in purchases and sales per capita of $197 and $180, respectively. It should be noted that “Individuals” purchased US$406 million net, basically for expenses made with cards for consumption with non-resident suppliers (with a net of US$279 million) and for hoarding (with a net of US$110 million for ticket purchases).
It is worth remembering that since mid-October, AFIP Resolution 5270 came into force, whereby all monthly card purchases with foreign providers that exceed US$300 have to pay a surcharge of 25% extra on the official price of the dollar, on account of the Personal Property Tax. In relation to the other leg of the FAE, transfers to and from own accounts abroad, in November net income was recorded from external own accounts for US$103 million. The Exchange Balance shows that all sectors received net transfers in November: The Real Sector excluding Oilseeds and Cereals received US$61 million, Individuals US$26 million, Oilseeds and Cereals received US$2 million and the Institutional Investors and Others sector US$14 million.
For his part, the financial exchange account of the Financial Sector showed a surplus of US$14 million last November mainly explained by the income of US$4 million under the concept of Direct Investment of non-residents and the decrease of US$19 million in liquid foreign assets of the entities that make up the General Exchange Position (PGC), partially offset by expenses for loans from international organizations and financial loans and lines of credit for US$6 million and US$3 million, respectively. The entities ended the month with a stock of PGC of US$5,692 million, very similar to that of the previous month, as a result of the combination of a decrease in the currency stock of US$211 million and an increase in the stock of banknotes of US$187 million. In this regard, the holding of foreign currency bills totaled US$3,902 million at the end of November, a stock that represented 70% of the total PGC and which is kept by the entities to attend to the movements of local currency deposits foreign exchange and the needs of the foreign exchange market.
Another fact to take into account is that the group of entities closed November with a short-term position in foreign currency for US$1,042 million, increasing its short position compared to the previous closing by US$201 million. Throughout November, the entities sold US$194 million in institutionalized markets and US$7 million directly to clients (Forwards). Foreign capital entities closed November with a net short position of US$718 million, increasing their short position compared to the previous month by US$137 million. For their part, national entities sold US$64 million and deepened their net sold position in October, reaching US$324 million. Which explains, in part, the “carritreidista” spirit that prevailed last November.
Source: Ambito
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