“The ‘Cuota Simple’ plan was not enough to maintain the values of the portfolio, in addition to the restrictions on consumption that the population endures due to the honesty of the prices of goods and services,” the study states.
According to a report by First Capital Group, a company specialized in finance, operations with Credit cards suffered a drop real last month.
Credit cards in pesos recorded a balance of $6,203,910 million, which means a nominal 4% increase compared to the end of last month, below the expected inflation values for this period.
If we look at the year-on-year behavior, we will see that it reached an increase of 167.2%, also remaining below the estimated inflation levels for the year, consequently showing a decrease in real terms.
“The implementation of the ‘Cuota Simple’ plan was not enough to maintain the values of the portfolio, in this segment the restrictions on consumption that the population imposed on themselves due to the honesty of prices of goods and services are also evident,” he explained. Guillermo Barbero, partner of First Capital Group
Purchases in dollars with credit cards registered a year-on-year increase of 19.1%, although with an irregular monthly behavior alternating increases and decreases. In February there was an increase of 3.3% compared to the previous month. The balance amounts to US$349 million.
“The normalization of the exchange rate mentioned above and the elimination of taxes that distort it are necessary so that consumers can use this instrument without risk,” he concluded. Barber.
full report at: https://www.firstcfa.com/es/novedades
Source: Ambito
