In the same way, The MEP dollar -also valued with the Global 2030 bond- falls 0.6% (-$1.26) in this session and 4.7% (-$9.24) in the week to settle at $188.46, for which it operates below solidarity for the first time in six months. The gap sinks to 73.1%, the lowest since July of last year.
The collapse of stock prices is due to several factors: the recent accumulation of foreign currency by the BCRA, the elimination of obstacles to the operation of dollars in the Stock Exchange, the acceleration in the rate of devaluation and the rise in rates, all in the framework of reaching a deal with the IMF.
The refinancing of the debt with the multilateral credit organization was approved by the lower house in the early hours of this Friday, and now it must be ratified by the Senate.
The new agreement establishes a grace period of four and a half years and extends disbursement payments to 10 years, so the country will begin to pay off the debt in 2026 and end in 2034.
Likewise, the extended facilities agreement does not include structural reforms but will require meeting fiscal, monetary and reserve accumulation goals, all issues that would be addressed in the quarterly reviews of Fund officials.
“After parliamentary approval is the implementation stage of the ‘macro’ convergence measures that will be challenging and will require broad support from the main forces due to the associated costs,” said Gustavo Ber, an economist at Estudio Ber.
official dollar
In the wholesale segment, the currency advances 13 cents this Friday to $108.90. In this way, in the week it accumulates an increase of 77 cents (0.7%), the highest since the last week of February 2021.
For his part, the savings dollar or solidarity dollar -retail plus taxes- advances 18 cents to $188.91 on averageto be located at almost the same level as the MEP.
The blue dollar records a new low this Friday, March 11, 2022, with which it adds its second consecutive fall, according to a survey by Ámbito in the Foreign Exchange Black Market.
After dropping $1.50 on Thursday, the informal dollar falls another $2 to $201with which the gap is reduced to 84.6%.
Compared to the close of last week, the price has not changed, although so far in March it shows a drop of $10.
Source: Ambito
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