On the contrary, the MEP dollar -also valued with the Global 2030 bond- fell 0.6% to $189.62, which left a spread of 74.3%.
Likewise, for the seventh consecutive day, the monetary authority ended its activity with net purchases that increased the accumulated figure for the month.
The Central Bank of the Argentine Republic (BCRA) bought US$8 million, so that so far in March it accumulates a balance of more than US$460 million, the best result for this concept in the last four months, a fact that may encourage expectations of an incipient recovery of reserves in a scenario of less tension, in the midst of the legislative debate on the agreement with the IMF. In the year, it accumulates purchases for US$130 million.
“The controls to access the foreign exchange market continue to clear the way for the Central Bank to maintain its role as buyer of last resort, an expensive goal for official claims,” said analyst Gustavo Quintana.
For the economist Gustavo Ber, “the Central Bank’s purchase stage is extended, taking advantage of a greater liquidation of exports, which is positive as a relief for reserves, with the help, in addition to the latest measures on the ‘crawling-peg’ and the rates”.
“The financial dollars continue to deflate based on these signals, as well as greater bets on the ‘carry-trade’ that continue to contribute to the reduction of the ‘gap’already at 80% and with the possibility of additional contraction to extend the ‘momentum'”, they added.
Part of the exchange calm is the product of the BCRA beginning March with firm purchases in its interventions, based on a greater liquidation of exports, thanks to the jump in agricultural prices, which generates relief for the evolution of the weakened reserves, to waiting for the first disbursement from the IMF in case the agreement is approved in Congress.
official dollar
The dollar today -without taxes- closed almost stable this Thursday, March 10, 2022, at $114.38, 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 $114.
In the wholesale segment, the currency advanced eight cents to $108.77. With the rise registered, the wholesale exchange rate accumulates an increase of 64 cents, a correction very close to that exhibited in the entire previous week, of 68 cents.
The US banknote once again exhibited a selling trend and prices once again moved within a pattern of marked stability, always within the fluctuation range set for today by the Central Bank.
Highs at $108.79 and lows at $108.77, once again marked the narrow course experienced by prices on a day with less trading volume. The supply of foreign currency was installed early in the sector where banks and companies operate, smoothly supplying authorized purchase orders. Wholesale dollar values hinted at a fall that was aborted, as in recent days, by purchases by the Central Bank. The official intervention set a very defined floor around today’s lows, simultaneously absorbing the excess currency available in the market.
Unlike financial exchange rates, the The blue dollar accelerated its rebound this Wednesday, reaching almost $205, according to a survey of Scope in the Foreign Currency Black Market.
After falling $10 last week, in what was its biggest drop in more than 15 months, and reaching close to $200 last Monday, the parallel dollar climbed $2.50 to $204.50, despite the crashes suffered by the MEP and the CCL in the stock market. This way, the gap with the official amounted to 88.2%.
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, he accumulates a low $19.
Source: Ambito

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