For its part, the MEP dollar -also valued with Global 2030– which, unlike the CCL, traded all round low, plummeted $26.61 (-7.9%) to $298.16, so the gap fell to 127.4% against the official exchange rate. The stock dollar has not dropped below $300 since July 19, when it closed at $295.23.
Rumors indicated that the current president of the Chamber of Deputies, Serge Massa, would occupy the economic portfolio to replace Silvina Batakis, who was appointed three weeks ago after the unexpected departure of Martín Guzmán.
Batakis has just met with the managing director of the International Monetary Fund (IMF), Kristalina Georgieva, and with representatives of international funds and Wall Street investment banks.
“The financial exchange rates operated with great volatility throughout the day, accompanying the strong rises in bonds and shares, given the expectation aroused by the rumors about the change of Cabinet”held Gustavo Ber.
For his part, the economist Federico Glustein, in dialogue with Ámbitocommented that “the market sees an opportunity in these rumors of eventual changes in the economic cabinet, a friendlier turn to the removal of barriers to access to foreign exchange and a path of lower public spending and issuance and a rise in interest rates”.
In this regard, he indicated that “expectations turn positive” faced with the possibility of turning the tide of triple-digit inflation and economic stagnation. “Think about an anti-inflationary and more orthodox plan motivates agents who wanted a helm in the political economic scenario,” Glustein added.
The market was also boosted by the rise in bonds in the region due to the reaction to the rise in Fed rateswhere “the bonds were at a floor and the rebound, coinciding with said floor, is greater than the rest,” said the economist, mentioning that the loans obtained from the World Bank and the IDB “are a guarantee for the future of the country and relief for reserves, as well as a possibility of resorting less to the fiscal deficit“.
Alberto Fernández was meeting with Sergio Massa, amid rumors about his arrival at the Cabinet as “super minister” of Economy and later held a meeting with Silvina Batakis, current head of the Treasury. As she could tell Ambit, the legislator seeks guarantees of being able to have control over the entire economic cabinet before joining the team of ministers.
On the other hand, On Wednesday, the rise to 90% of the TEA for Treasury bonds was defined, and this day the Central Bank’s LELIQ rate was adjusted to 60% of the TNA, with a TEA of almost 80% per year. “Although the rate remains negative against inflation, this gives it a path to go towards, at least, neutrality and divert funds to the peso market,” Glustein closed.
It should be noted that this week The BCRA announced the implementation of a special regime to encourage sales of the oilseed that will allow farmers to cover themselves from a possible devaluation of the official exchange rate.
Specifically, the BCRA will allow producers to make a demand deposit in financial entities tied to the Link Dollar, for up to 70% of the value of grain sales. Meanwhile, with the remaining 30%, you will be allowed to buy dollars in the official market at the value of what the savings dollar is trading today ($227.01 on average).
official dollar
The dollar today -without taxes- rose 28 cents and stood at $137.86, according to the average in the main entities of the financial system, while in the National Bank the ticket was kept in the $137.25 for sale.
The savings dollar or solidarity dollar-which includes 30% of the COUNTRY tax and the deductible 35% of Income Tax and Personal Assets- up 46 cents and was located in the $227.47.
The tourist dollar or card -retailer plus COUNTRY Tax, and a perception of 45% deductible from Income Tax and Personal Assets- increased 49 cents and closed in $241.26.
The wholesale dollar directly regulated by the BCRArose 21 cents to $131.12.
The BCRA sold this Thursday another US$100 million pending the implementation of incentives for agriculture to liquidate, while the demand for energy exceeded US$120 million.
Dolar blue
The The blue dollar fell $12 to $314 (it hit an intraday low of $311), pressured by the collapse in financial dollars.
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.
