In this framework, the wholesale dollar, which is directly regulated by the BCRA, rose 24 cents to $126.80, accumulating an advance of $1.35 for the week, the biggest weekly correction since October 2019in a period of high volatility after the resignation of Martín Guzmán and the assumption of Silvina Batakis as head of the economic portfolio.
“The uncertainty generated by the Central Bank (BCRA) with its new restrictions caused a new jump in prices and to validate this new acceleration in inflation, it issued 1.0 trillion pesos last month,” said financial analyst Christian Buteler.
In order to preserve its meager reserves, The BCRA restricted the possibility of paying in installments with credit cards for consumption in duty-free stores, extending the prohibition that applies to international tourist tickets and servicesand products from abroad that are received through the door-to-door system.
“In Argentina, the main emission factor is still the fiscal deficit, but the quasi-fiscal deficit is also gaining weight, which is generated by the interest that the BCRA must face,” the UADE said in a report.
For his part, the former director of the Western Hemisphere Department of that organization, Claudio Loser, showed a more pessimistic view of the evolution of the dollar in the face of Silvina Batakis’s statements that the government feels “comfortable” with this exchange rate. “The opposite will happen,” the analyst said.
“It is that when an economy minister says that it is not going to be devalued, it is a very strong signal that it may soon be devalued. That indicates that there is very strong pressure to do so,” he emphasized. In his opinion, the country needs a “clearer, perhaps split, exchange rate, because you cannot have 22 exchange rates with administrative control,” he stated in radio statements with AM550.
Official dollar price, Friday, July 8
The dollar today -without taxes- rose 62 cents to $133.89 for sale this Fridayaccording to the average in the main entities of the financial system, while in the Banco Nación the bill amounted $1 to $133.25 for sale. The market expects a split in the exchange rate.
Price of the solidarity dollar, Friday, July 8
The savings dollar or solidarity dollar-which includes 30% of the COUNTRY tax and 35% deductible of Earnings- advanced $1.02 on average to $220.92.
Price of the CCL dollar, Friday, July 8
In the bag, andl dollar “counted with liqui” (CCL) -operated with the Global 2030- It advances 0.8% to $298.43, although it exceeded $300 this day, with which the gap with the official rises to 135.08%.
Price of the MEP dollar, Friday, July 8
For his part, the MEP dollar -also valued with the Global 2030- grows 1.4% to $288.22. Consequently, the spread with the official exchange rate widens to 127.7%.
Blue dollar quote, Friday, July 8
The The blue dollar soared this Friday, July 8, and reached a new nominal record at the close, with which it accumulated an advance of $34 during the weekaccording to a survey by Ámbito in the Black Market of Foreign Exchange, in the midst of exchange rate tension due to the changes at the head of the Ministry of Economy.
With great volatility and some bewilderment among the cueveros in the face of a disparity in prices, the parallel dollar climbed $16 on the day to touch $273, an unprecedented value at the close, after touching $280 intraday last Monday, in what was the first reaction of the market to the departure of Martín Guzmán as head of the Palacio de Hacienda.
All in all, the exchange rate gap with the wholesale official exchange rate climbed to 115.3%.
During July, the blue dollar accumulates a rise of $35, which represents its highest monthly advance in the year so far, after ending June at $238.
So far this year, the informal dollar has advanced $65, after closing 2021 at $208.
Crypto dollar price, Friday, July 8
The crypto dollar or Bitcoin dollar rises 5% to $283.44based on the average across local exchanges reported by Coinmonitor.
Source: Ambito
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