Although the gaps are at a minimum of six days, they still remain at high levels. Economist Gustavo Ber maintained that prices remain sustained “given that the search for coverage continues to be the order of the day among operators as a result of the climate of uncertainty, currently accentuated while awaiting the political strategy before the IMF.”
It is worth remembering that last week the differences between the Government and the multilateral credit organization regarding the fiscal path that the country must comply with in the context of the debt renegotiation were publicly disclosed.
While from Casa Rosada they seek a gradual reduction in the fiscal deficit, underpinned by economic activity and tax collection, to reach a balance in 2027, in the institution led by Kristalina Georgieva they ask for a greater adjustment, with spending cuts in terms real so that the balance is achieved sooner.
There is agreement on other points, such as the need to limit the weight of the monetary issue in financing the deficit, to have an exchange rate consistent with Argentina’s ability to accumulate foreign currency, and to have positive real rates to encourage savings. in domestic currency.
The Consumer price index (CPI-Cost of Living) registered an increase of 3.8% last December and accumulated a rise of 50.9% throughout 2021, reported this afternoon the National Institute of Statistics and Censuses (Indec).
The increase in December was above the 2.5% registered in November and determined that the year closed with a difference of 14.8 percentage points compared to the end of 2022, when the accumulated figure was 36.1%.
Compared to 2019, inflation in 2021 was 2.9 percentage points lower, since that year it stood at 53.8%.
Official dollar and Central Bank
The wholesale dollar, regulated by the BCRA, rose nine cents to $103.77. In the week, the wholesale exchange rate accumulates a rise of 49 cents compared to last Friday’s close, so it is heading to register a monthly rise of more than 2%, something that has not happened since March 2021.
The monetary authority ended with a neutral result in its intervention in the foreign exchange marketyes As far as January the monetary authority acquired more than US$200 million.
Even so, reserves have accumulated a decrease of US$310 million so far in January, mainly due to debt payments with private bondholders.
“The monetary authority recorded a new day without foreign exchange losses to meet the authorized demand, which for the moment is assisted by genuine supply. The first half of the month aims to close with good data for the Central Bank and differs for the second tranche of January the expectations of greater improvements in the level of genuine income”, stated the analyst Gustavo Quintana.
In this noise, the minimums were noted with the first agreed operation, at $103.75, seven cents above the previous end. As has been happening throughout this week, operations are taking place in a scenario of marked calm and with little fluctuation and with a volume of operations far from the daily averages of previous months. The greater demand verified in the last half hour of operations justified a very slight advance in the price, which touched the maximum of the day at $103.77 towards the end.
The dollar today rose six cents to $109.11 this Thursday, January 13, 2022, -without taxes-, according to the average in the main banks of the financial system. In turn, the retail value of the currency in Banco Nación rose 25 cents to $108.78.
blue dollar
The blue dollar rose this Thursday, January 13, 2022 and reached a new all-time high, according to a survey by Ámbito in the Black Market of Currencies.
In a week with quite a bit of volatility, the informal dollar advanced $1 to $209.50. Therefore, the spread with the wholesale exchange rate, which is regulated by the Central Bank (BCRA), stands at 101.9%.
The note had fallen 50 cents on Thursday, after having rebounded strongly on Tuesday to $209, a figure that had only been reached on December 29, 2021.
Source From: Ambito
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