The BCRA recorded the largest weekly dollar sale of the Milei era

The BCRA recorded the largest weekly dollar sale of the Milei era

He Central Bank sold more than US$800 million this weekthe highest level with Javier Milei as president.

Both importers and tourists are taking advantage of the price of a dollar that is lagging behind inflation, according to specialists.

The official retail dollar – without taxes – was quoted at $1,000.90 for purchase and $1,057.97 for sale. At Banco Nación, the bill traded at $1,011 for purchase and $1,051 for sale.

In the parallel market, the blue dollar once again operated above $1,200 for sale.

The Central Bank closed its participation in the official market with a negative balance of US$25 million. It was the third consecutive net sale and during the week it sold US$803 million, a record for the Milei era.

Meanwhile, gross international reserves sank by US$895 million and ended the round at US$31,524 million, a minimum of almost three weeks.

According to BCRA sources, it responded to the combination of the net sale of the previous day, changes in currency quotes and payments to organizations.

The end of COUNTRY tax It lowered the import exchange rate, concentrating some purchases that had been postponed and the monetary authority was in negative territory for the first time since September, that is, since the money laundering began.

The high demand would have been explained by the automotive industry, and should not be repeated in the short term, official sources estimated.

Source: Ambito

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