The message they had sent to their clients in which they stated that there were “very strong rumors” of an exchange devaluation went viral.
He Ministry of Economy will open a summary to the stock exchange company Max Capital S.A.. For running rumors on issues that could impact the Argentine economy. Among them, the rumor of a alleged devaluation of 50% of the peso which would take place on Monday and on a resignation by the minister Sergio Massaas confirmed by official sources to Ámbito.
“We are going to fall with the Gendarmerie,” they assured in the Palacio de Hacienda. From the government they will look for the company to be intervened by the National Securities Commissionthe entity in charge of regulating this type of financial companies.
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The message with rumors that could impact the Argentine economy would have been sent to all of the company’s customers and, from that, went viral quickly. And from the government they also began to receive inquiries from funds abroad regarding that information, a situation that revealed what was happening.
The text sent
met the message issued by the stock exchange company which points to the possibilities of a devaluation Yet the resignation of minister Sergio Massa:
“FX DEVALUATION RUMORS: VERY strong rumors of a currency devaluation on Monday circulate in the local market. The BCRA would not allow any importer to access the foreign exchange market today, telling them that the window will reopen on Monday. It is rumored that this is why President Fernández resigned today from the presidential race,” says the text that circulated.
“The rumor is a 50% devaluation right at the opening. The question at the local level is whether Massa will remain in office after. BCS [contado con liqui] weakened to 453 from 435 yesterday (vs 405 last Friday) fueled by these rumors. Bonds linked to the NDF market [futuros] and USD are in high demand. The government is now once again trying to sell globals to tame the BCS”.
Source: Ambito
