In turn, the MEP dollar -valued with the Global 2030- increased 1% to $299.78. Thus, the spread with the officer reached 106.6%.
In the informal market, on the other hand, the blue dollar closed unchanged at $287according to a field survey in the Black Market of Currencies. Meanwhile, the gap with the official dollar is located at 98.1%.
The rise in financial exchange rates reflects “the pressure of monetary expansion generated by the purchase of reserves, to which is added the interest on remunerated liabilities after the recent rate hikes,” said Lucas Yatche, Head of Strategy and Investments of Liebre Capital.
Although the implementation of the soybean dollar achieved what was the number one priority of the BCRA, to accumulate reserves and reduce exchange rate tension in the short term, “said monetary expansionary measure, generated a surplus of pesos in the market that we understand in part pressured the CCL. To encourage the ‘carry’ and sterilize said pesos, the BCRA increased the monetary policy rate by 550 basic points“, they explained from IEB.
In this way, Interest-bearing liabilities increased by $500 billion which, from the point of view of our Benchmark for the CCL, offsets much of the increase in reserves. Currently, our reference value for the CCL dollar is at $344, which makes us think that the market price of $305 is closer to a bottom than a top”they projected.
The BCRA bought another US$243 million in the market during the day, to accumulate US$2,781 million in the month. For operations with the program that recognizes $200 to soybean exporters, liquidated US$351 million.
It is worth remembering that this Monday the monetary authority ordered that companies that sell soybeans through the Export Increase Program will no longer be able to access the purchase of the stock dollar -CCL or MEP- nor the so-called savings dollar. The measure does not include producers that sell soybeans but the companies that do so.
official dollar
The dollar today -without taxes- rose 32 pennies this Wednesday, September 21 at $151.56 for saleaccording to the average that emerges from the banks of the local financial system. At Banco Nación, meanwhile, the retail note increased 25 cents to $150.75 – without taxes.
In addition, the dollar saved or solidarity dollar-which includes 30% of the COUNTRY tax and 35% deductible of the Income Tax and of Personal property– advanced 53 cents at $250.07.
The tourist dollar or retail card plus COUNTRY Tax, and a perception of 45% deductible from the Income Tax and of Personal property– appreciated 56 cents at $265.23. A) Yes, the gap el blue reached about $22, the highest level in two weeks.
while ehe wholesale dollar, which is directly regulated by the BCRA, increased 25 cents to $144.89.
Source: Ambito
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