In contrast, the dollar MEP rose 0.8% ($1.43) this wheel to the $202,46, which brought the gap to 95%. Even so, compared to last Friday, the price fell 0.7% (-$1.38) in the last seven days.
The net reserves of the central bank (BCRA) are located just over US$2,000 million, in a context of lack of access to international markets. In this framework, the negotiations with the IMF take on great relevance, taking into account that in the first quarter the maturities with the organization are close to US$4,000 million.
Argentina’s defense of its fiscal spending plan is putting it on a new collision course with the international organization, although most analysts believe that the differences will be settled and there will be an agreement.
The Government and the IMF did agree on the need to have an exchange rate consistent with the trade surplus, the accumulation of reserves and the regulations of the financial account.
Meanwhile, the BCRA seems to have accelerated the rate of adjustment of the wholesale dollar, which is on track to rise more than 2% in January, something that has not happened since March 2021.
Official dollar and Central Bank
The wholesale dollar ended at $103.84, seven cents above the closing of the previous session.to. In the week, the wholesale exchange rate accumulates a rise of 56 cents, identical adjustment to that of the previous week, so it is heading to register a monthly rise of more than 2%, something that has not happened since March 2021.
The The Central Bank ended with a neutral balance for the second consecutive round and, in this way, ended the first fortnight of the year without foreign exchange losses due to regulatory actions in the market. So far in 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.
During the session, the highs were recorded at $103.88, eleven cents above the previous end, midway through the first part of the day, when the authorized purchase orders justified the upward correction due to a punctual insufficiency of the genuine offer. Inflows from abroad increased during the development of operations, managing to prevail in the last part of the day, when today’s lows were registered at $103.84, the level that remained until the close of operations.
The dollar today rose 10 cents to $109.21 this Friday, January 14, 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 remained at $108.75.
Next Monday is a holiday in the United States, which is why a rebound in the volume of local business is not expected, quite restricted indeed in the first days of the year.
blue dollar
The blue dollar closed unchanged on January 14, 2022 after hitting its 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 remained at $209.50, its all-time high in nominal terms. Therefore, the spread with the wholesale exchange rate was 101.8%.
In December, the parallel dollar advanced 3.2% ($6.50), against monthly inflation that the market estimated at 3.4% according to the latest BCRA REM.
Likewise, in the accumulated of 2021 it had an increase of 25.3% ($42), almost half with respect to the expected inflation of the period. However, it is worth remembering that in 2020 it had shown a sharp jump of 111%.
Source From: Ambito
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