He blue dollar touched its lowest value in three weeksclosing in $1,315 for sale. Investors are beginning to sound the alarm regarding the inertia of this market during September amid the official interventionthe reduction of the PAIS tax -scheduled for the 3rd of that month- and other reasons that influence such as the money laundering. At the end of the month, the lack of pesoswhich translates into a limited demand.
The gap between the blue and the official It is located in 38.3% and oscillates at its lowest levels since mid-June. In this regard, the economist Pablo Ferrari He analyzed the dynamics of the spread after the devaluation. “Now the gap is close to 30%, similar to the percentage reached at the beginning of February, after the post-devaluation peak on January 23. It falls and then resumes an upward trend until it reaches a peak, the last one was on July 12. From there, a period of downward trend began again until today,” he explained.
Blue dollar: scenarios it faces from now on
One of the main reasons for the demand retractionhas to do with the lack of pesos in the market. Beyond the seasonal factors (at the end of the month), the Government is “drying” “the weight square”as explained to Scope The economist Eric Paniaguaespecially with the new zero emissionwhich he proposed as the second part of the economic program.
To this, analysts also add the “official intervention” of the Government in the financial market, which causes the stock market to fall and, in turn, drags down the blue“The blue dollar cannot be dissociated from the financial ones,” said the economist Jorge Neyro.
This Thursday, financial markets closed lower and the MEPin particular, touched its lowest value in 11 rounds, being located in $1,271.33 for sale.
Regarding the possibility of finding an apartment, Ferrari preferred to “analyze it under different scenarios,” such as obtaining dollars through bleach or the Large Investment Incentive Scheme (RIGI).
Blue dollar: how money laundering and RIGI can influence it
The short-term scenario will depend on the possibility of dollars entering through money laundering or RIGI. “The problem, as evidenced by the Government’s desperate search, is the lack of dollars, so if they are not obtained quickly, from one day to the next or in the blink of an eye, the problems can return.” “devaluation pressures”Ferrari emphasized, who also predicted that in that case there would be “the rise of the most famous American, the blue dollar“.
In addition, the reduction of COUNTRY TAX It would also take away demand for the blue dollar, since the importer, instead of having an additional 17.5%, will only have 7.5%. Now, Ferrari said that this will happen as long as there are dollars to import, which, in turn, is tied to the possibility of get dollars of the bleachhe RIGI, some private investment fund and even of his own International Monetary Fund.
Currently, reserves are in the negative and the Central Bank continues to intervene in the market, which generates a further drain on the monetary authority’s reserves.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
