The MEP climbed to $667.17 and the CCL closed at $702.22. The informal exchange rate, for its part, accumulated an increase of $125 after the devaluation and the PASO. Operations in the City and AFIP investigation.
Alternative dollars had another day of extreme volatility and reached record values, after the surprise result of the PASO, the devaluation of the official exchange rate and the new restrictions established by the National Securities Commission (CNV). Financiers jumped almost $50 and CCL ended up above $700. The blue came to $730. In this context, the MEP dollar rose again strongly. It jumped $46.03 (7.4%) to $667.17. Thus, it remains below the blue dollar and the gap with the official stands at 90.6%. Meanwhile, Cash with Settlement (CCL) rose $47.27 (7.2%), more than in the previous day, and traded at $702.22. Thus, the spread with the official (which had fallen after Monday’s devaluation) once again exceeded 100%.
On Monday post-Primary elections, the Government implemented a devaluation of the peso of around 20% and, hours later, a new CNV regulation was released that restricted free operation in the bond market used to operate in financial markets. In this case, a weekly limit of 100,000 nominals (equivalent to about US$40,000) was established for the screen sale of sovereign bonds in dollars against MEP/CCL.
For its part, the blue dollar seems to find no ceiling and yesterday it exceeded $700 non-stop, breaking a new nominal record. The informal price jumped another $45 to a previously unheard of $730. In this way, he accumulated a jump of $125 in two days (20.7%). Within this framework, the gap with the official exchange rate reached 108.6%.
operational and investigation
In the midst of the escalation of the parallel currency, security forces yesterday carried out operations and raids in “caves” of the Buenos Aires microcenter. During the proceedings, the well-known “little trees” were investigated, offering to illegally buy and sell currency on the street, in buildings and in some commercial galleries, and an official exchange agency was intimidated.
For its part, the AFIP began an investigation of stock market operators and principals who made large purchases of MEP dollars despite not having income that would make these operations possible, according to the agency’s records. In the entity led by Carlos Castagneto, they estimated that only during the last hour of last Friday they carried out operations that exceeded US$38 million.
The AFIP supervised 15 brokerage firms and more than 24 electronically verified principals. They controlled the movements of stock brokers who, through operations known as “own portfolio”, may have been involved in concealing subjects without economic or financial capacity or with undeclared income.
BCRA purchases
In this context, the Central Bank bought dollars for the second consecutive day, after the devaluation carried out by the Government on Monday. The monetary authority acquired US$125 million, to accumulate US$484 million so far in August. Meanwhile, the Qatar dollar fell $72.43 and settled at $659.93, after the AFIP ordered a reduction from 25% to 5% in the collection of Personal Assets that is applied to these expenses.
Source: Ambito
