“There are many people, businessmen who overinvoice imports and others who underinvoice exports and generate blue dollars, so today the market is down because that offer that does not go to the Central Bank keeps a dollar at a lower value, regardless of the economic situation of Argentina,” he stated in a recent interview with La Nación. At the same time, he claimed that the “generation of value from the dollar is multi-causal”.
At the same time, he maintained that he expects that in the second semester there will be a greater depreciation of the peso because “there will be less supply of dollars and the demand will continue to be”. In this way, he alluded to the end of the high season of liquidation of foreign currency by the agricultural sector.
“It’s an idea and in some way to make futurology, but I think that today it is maintained because we still have all the money from the harvest” while adding that the “free dollar is still expensive, because if you compare it with other countries, Argentina it’s a gift”.
The maximum price of the informal dollar so far this year was recorded at the end of January, when it traded above $223, prior to the announcement of an agreement with the International Monetary Fund (IMF) for the refinancing of the debt. It is worth remembering that last month, the informal dollar rose $6.50 or 3.2%, which represents its highest rise in the year, although it was below inflation (a floor of 5% is estimated), and the advance of the official exchange rate (+4.2%).
During the past year, the blue dollar registered a rise of 25.3% ($42), half compared to the inflation of the period (50.9%). However, it is worth remembering that in 2020 it had shown a sharp jump of 111% (compared to 36% inflation).
Source: Ambito
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