The mayor of Paysandú, Nicolás Olivera, assured that sales are recovering and that he notices a “favorable wind” in recent weeks.
The mayor of Paysandú, Nicolás Olivera, assured that the exchange difference between Uruguay and Argentina has decreased since the inauguration of Javier Milei.
The exchange difference with Argentina seems to have begun to give way after the devaluation in the neighboring country and despite the latest increases in Dolar blue, so on the coast they are beginning to observe a rebound in sales of some items and a lower flow of Uruguayans crossing into the neighboring country.
One of those who confirmed this scenario was Mayor of Paysandú, Nicolás Olivera, who, in dialogue with El Espectador, confirmed that, after the assumption of Javier Milei As Argentine president, “it is no longer useful to go there so much and it is beginning to show.”
When evaluating the change in behavior of the sandduceros, Olive He compared the “unstoppable bleeding” that trade showed months ago with today. “We began to set the thermometer and see the wind in our favor in what has to do with the exchange difference”, analyzed.
It is worth noting that in Argentina he parallel dollar It is at its highest nominal value, trading at 1,240 Argentine pesos, with a rise of 15 pesos today and an advance of 120 pesos so far this week.
That escalation led to blue to reach a gap of 51.4% with respect to the official exchange rate, the highest after the abrupt devaluation implemented by Milei, For this reason, some analysts anticipate a similar measure in the coming months.
Fuel sales, one of the sectors that are rebounding
Among the sectors that are already showing a rebound in sales are: fuels, with an increase that ranges between 30 and 40%, as began to be observed at the beginning of the year and ratified Olive.
This situation occurs after the Argentine government decided to release prices, which produced an increase in the naphtha on the other side of the border that caused this change in what was until December one of the favorite products of Uruguayans to buy in Argentina.
It is expected that this will begin to be reflected in the sales of other products and, along those lines, from the Salto Economic Observatory of the Catholic University of Uruguay (UCU) they anticipated Ambit that price gap decreased considerably in the last month.
Source: Ambito
