Likewise, the gap with the official stood at 86%, the lowest level since November 12, 2021, due to the fact that the wholesale exchange rate, which is directly regulated by the Central Bank (BCRA), climbed in greater proportion.
With a little more momentum, the MEP or Stock Exchange dollar advanced $2.29 to $197.60, which left a spread with the official of 82.7%.
“In coordination with the Central Bank and the Ministry of Economy of the Nation” the lifting of the obstacles adopted by means of general resolutions 907 and 911, which, as highlighted by the agency, had been issued in response to “exceptional circumstances and with a transient”.
The confirmation of the good news for savers came through general resolution 923 of the National Securities Commission (CNV) published on Saturday in the Official Gazette.
The rule repeals general resolutions 907/2011 and 901/2011, which set a weekly quota of 50,000 nominal for the operations of the Settlement and Compensation Agencies (ALyC), mainly arranged with AL30 bonds.
However, as they clarified from the BCRA, “the rule that requires operating against a bank account is maintained”, so that the funds must leave and return to a bank account.
In February, stock prices had fallen by 10.1% ($22.43), in the case of the CCL, and by 8.5% ($18.17), in the case of the MEP.
“Operators remain attentive to the post-agreement strategy with the IMF, which has already been giving signs through the acceleration of the ‘crawling-peg’, the rise in rates and the flexibilizations in the operation of public securities. The financial dollars continue to go through a stage of limited back and forth, after deflating from the maximums, since a greater demand for vehicles in local currency is being activated through operators with tactical bets that are oriented towards carry-trade'”, pointed out the economist Gustavo Ber.
The blue dollar operates stable after registering its biggest weekly drop in more than 15 months, according to a survey by Ámbito in the Black Market of Currencies. This way, the gap with the officer falls below 90% for the first time since October 20 last year.
After collapsing $7 in the previous two rounds, the bill fell another $3 to $201 this Friday, March 4, 2022. Consequently, the spread between the blue dollar and the wholesale exchange rate fell to 85.8%.
The informal price came from having a stable week prior to the carnival holidays, although it remained the most expensive exchange rate in the market since the CCL sank to the $200 zone.
The uncertainty prior to the announcement of an understanding between Argentina and the IMF over the debt had caused the blue dollar to skyrocket, reaching $223.50 on Thursday, January 27, its nominal historical maximum so far. Since then, it accumulates a low $19.50.
official dollar
The dollar today -without taxes- advanced $1 this week to $113.69 (+21 cents this Friday, March 5, 2022), according to the average in the main banks of the financial system. In turn, the retail value of the currency at Banco Nación remained at $113.
The wholesale dollar, which is directly regulated by the BCRA, added 73 cents to $108.13 (+10 cents today).
The Central Bank (BCRA) maintained a positive streak by buying some US$25 million, with which in the first month of March it accumulated a balance of US$90 milliona fact that may encourage expectations of an incipient recovery of reserves in a scenario of less tension on the market due to the diffusion of the principle of agreement with the International Monetary Fund.
It should be remembered that the monetary authority sold more than US$270 million last week and accumulated a negative balance of some US$190 million in February. It was the fourth month in a row with a negative result.
“The restrictions to access foreign exchange operations are maintained and in some cases are accentuated, giving rise to a favorable scenario for the monetary authority to gradually recover international reserves,” said analyst Gustavo Quintana.
During the wheel The US currency traded with a selling trend on a day with less traded volume than in the previous ones. The prices moved from higher to lower, translating the dominance that was gradually exerting the supply of foreign currency.
Today’s highs were made shortly after the start of trading at $108.17, fourteen cents higher than the previous end. The supply of foreign currency was installed with relative intensity in the development of operations, exerting pressure on prices that, with successive falls, translated the downward trend as a result of the improvement in genuine income. The Central Bank once again took advantage of the situation with purchases that absorbed the surplus of foreign currency and defended the price at the low of the date, recorded at $108.13.”
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
