The monetary authority squeezed the pegs again and imposed new restrictions for human people. What is the financial play that seeks to put an end to the BCRA.
He Central Bank tightened the pegs on the remainder of the stocks for access to the dollar, In this case, with the idea of cutting what is called “Rulo.”
The operation consists of buying dollars in one market and sell them in another and obtain a gain for price differenceand the context is that of the liquidation of US $ 7,000 million of cereals in a short time. The turnaround to the market of that important offer, quickly, can generate a decrease in contributions, What can enable the curlers.
You have to have in Account that for the purchase or sale of dollars through financial markets you have to wait for at least 24 hours Because these are bond purchase operations, strictly speaking.
Thus, in a context in which prices can fall accelerated in the case of the official dollar, Financial reactions can delay, which would enable the speculative maneuver.
While the government eliminated most of the restrictions to access the American ticket, some restrictions still persist. One of them was The impossibility of operating in a cross way among markets only for companies.
Now the Central Bank also decided to include natural persons. This has probably to do with an action that was detected lately, and that is that companies operated as people with dollars and passed them to CCL . Hence, an increase in the formation of external assets (FAE) or better known as “capital leak” was found in recent months.
Source: Ambito
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