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The financial dollar turns around and scores its fourth fall in a row

The financial dollar turns around and scores its fourth fall in a row

For its part, the MEP dollar -valued with the Global 2030- down 98 cents (-0.3%) to $295.80, whereupon the spread with the officer reaches 101.45%.

In the informal market, on the other hand, the blue dollar is stable at $290according to a field survey in the Black Market of Currencies. While, the gap with the official dollar stands at 97.5%.

The president of the US Federal Reserve of St. Louis, James Bullard, said that rapid rate hikes have increased the risk of a recession, although it is likely to be caused by the external shock rather than the collapse of a US economy.

As Ámbito advanced, The Central Bank (BCRA) is expected to implement new measures in the foreign exchange market since this Friday the application of a special exchange rate for soybean exporters ends.

Starting next week there will be a new exchange scheme for the knowledge economy (techno dollar), which will allow free availability of dollars. For tourism, the dollar (Qatar dollar) will become more expensive, given the proximity of the World Cup.

On the other hand, the Secretary of Mining, Fernanda Ávila, said on Tuesday that the national government is evaluating the implementation of a “mining dollar” to guarantee the investments of the entire sector in the country.

Meanwhile, thanks to the soybean dollar, exclusive modality only for Septemberthe monetary entity managed to strengthen its scarce international reserves. This scheme contributed this Tuesday US$412.4 million, and the BCRA finished the round with purchases for US$324 million.

The entity accumulates a firm increase in its reserves for almost $4 billion this monthagainst soybean liquidations for about $6.2 billion, according to operators, above significant comparative balances such as 2,446 million dollars in April 2014 and 2,202 million in November 2019.

“I get the feeling that when it comes to the local climate, considering that we are in Argentina and there are always ups and downs, (Economy Minister Sergio) Massa had somehow managed to bring some calm in a fairly logical line for the market.” , estimated Nicolás Chiesa from Portfolio Personal Inversiones.

He added that “consequently, the onslaught of these days had more to do with what was happening outside (outside). If we calm down on that side and what Massa said is put into practice, I think we can get on track and the assets recover”.

official dollar

The dollar today -without taxes- operates stable this Wednesday, September 28 at $153.51 for saleafter rising 20 cents according to the average that emerges from the banks of the local financial system. At Banco Nación, meanwhile, the retail bill is quoted unchanged at $152.75 – without taxes.

The dollar I save or solidarity dollar-which includes 30% of the COUNTRY tax and 35% deductible of the Income Tax and of Personal property– operates stable at $252.96.

The tourist dollar or retail card plus COUNTRY Tax, and a perception of 45% deductible from the Income Tax and of Personal property– quote unchanged at $268.29.

The wholesale dollar, directly regulated by the BCRA, increase 26 cents a $146.83.

Source: Ambito

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