For its part, the MEP dollar regulated also rises 1.4% to $ 183.71, which brings the gap to 83.6%. In the segment not intervened by public bodies, it is located in the area of $ 205.
Beyond the respite granted by the latest measures on the banks and which allowed the BCRA to interpose an important purchase of foreign currency, the challenge of managing net reserves remains complex and that is why the balance of its interventions focuses so much attention on a daily basis.
“In ‘hold on’ mode they also follow the regulations on financial dollars, and even on some more free references, in search of calming the search for coverage of the economic agents in these last rounds before the 14-N, since then said strategy would not be sustainable and hence the expectation for definitions regarding the future of exchange rate policy grows“, highlighted the economist Gustavo Ber.
From the consulting firm PPI, they indicated that demand for coverage grows on election days and in a difficult economic context. Monetary and exchange imbalances put pressure on the prices of financial dollars. Meanwhile, the CER curve awaits attentive the inflation data that arrives on Thursday (pre-elections) “.
In the brief informal circuit, the blue dollar remains stable at $ 199 units. On Thursday it had reached $ 200 for the first time during the first operations of the day.
“With a gap greater than 100% between the official and parallel exchange rates, experience shows that growth cannot be achieved and that it is key for negotiations with the IMF, is that reserves cannot be accumulated,” he said in radio statements the economist Rodrigo Álvarez.
The wholesale dollar exceeded $ 100
The wholesale dollar surpassed the psychological level of $ 100 for the first time, well below the unregulated prices that are between $ 199 and $ 216, which marks gaps above 100%.
In a place regulated by the Central Bank with purchase and sale of foreign currency, the currency in the wholesale segment it was up 13 cents to $ 100.07.
Last week the central bank (BCRA) prohibited financial institutions from adding dollars to their holdings until the end of the month, with the intention of clearing up doubts about a potential devaluation after the legislative elections to be held on Sunday. “The measure aims at least until the end of the month to limit the banks’ foreign currency position and thus limit demand,” said Roberto Geretto, an economist at Fundcorp.
The greater limitations to the exchange market allowed the BCRA to buy almost 210 million dollars on Friday, a day in which the wholesale dollar recorded its first daily decline in more than a year.
In the retail segment, the dollar today It rises 13 cents this Monday to $ 105.58 -without taxes-, according to the average of the main banks in the financial system, in a context of marked upward pressure for versions of the “unregulated” currency. In turn, the retail value of the US dollar is listed at $ 105.25 on Banco Nación.
The savings dollar or solidarity dollar -which includes a 30% of the COUNTRY tax, and a 35% to Profit account- amounts to 22 cents to $ 174.21.
Source From: Ambito
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