The version is that from the government they were probing the operations tables to inform higher dollars, and thus buy in block. Some believe it will stay with a third of US $ 7,000 million. Others with about 20%. Some propose that CIAR LIQUIDA MORE than informed on the screen.
The market is on alert with respect to the amount of dollars that the government will finally buy within the framework of the extraordinary export liquidation hurried by Cerealras benefited by the temporary elimination of retentions.
It’s about some U $ 7,000 million that companies have already sold in the local market, in the midst of harsh criticism of the government for the inopportune of it and the damage caused to producers who sold their production to exporters, who had already discounted the tax in the final price.
For Javier Okseniuk, the director of Labour, Capital & Grouth (LCG) “A very high cost for dollars that were also going to enter in the coming months is being paid.”
But beyond that, speculation revolves Around how much ultimately will serve for the Government of Javier Milei Give a signal to the market, that there is a change of policy and buy dollars, almost an indispensable requirement for the country to fall to reasonable levels.
Martín Polo, economist from Cohen Financial Allies He pointed out through social networks that his estimate is that “the Treasury would buy a third of what cereals liquidates”. That is equivalent to about US $ 2,100 million. Polo considers that in the last 3 days about US $ 400 million were settled.
For the site Rome Equity Reserachon the other hand, in the “last 3 days there were purchases of the Treasury for US $ 348 million, while the liquidations of the Chamber of the Oil Industry of the Argentine Republic (Ciara) are US $ 1,872 million.”
“The treasure buys 18.5% of everything that is liquidated for now. If you maintain this rhythm you will buy US $ 1,295 million of US $ 7,000 million. Nor does everything he sold in September (US $ 1.5 billion) repurchase, ”said Rome Equity Research.
The reservations uploaded
The international gross reserves of the Central Bank (BCRA) grew $ S317 million this Thursday, The most important positive variation since the 2nd of this month. In the market they estimate that this rebound was due to new purchases by the treasure, in a context of record exports.
Official sources told Scope that during the day there were neither “movement of contributions or revenue of organism loans” that have explained The increase in reserves. Therefore, the hypothesis that it was the Government who intervened with block purchases has more grip.
An element to take into account, as indicated by the Outlier consultant is that “Ciara’s offer exceeds what was operated on the screen, leaving more place to the speculated block purchase by the Treasury or BCRA ”.
In fact, as it transpired, the government was in the last hours “Operando” at the different market tables to inform if they appear offers for sale of higher figures dollars of the usual ones, so that the treasure can resume block purchases.
Source: Ambito
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