the financial analyst Christian Butler in dialogue with Ámbito considered that “taxes set a new floor for free dollars” and in this regard indicated that “the blue, the MEP, and the Contado with Liquidation are going to go up”. About this projection he said that “It does not mean that tomorrow but two weeks from now they will be above the value of the card dollar” and warned: “Every time we see a jump in the dollar, it also ends up having its leg in inflation.”
To its turn, Gustavo Beranalyzed how the market developed and said that “until now the initial reaction of the financial dollars is being a moderate upward readjustmenta dynamic that should continue in search of regaining a prize over time with respect to the new card dollar”. And on how he thinks the blue dollar will be rearranged, he assured: “I think it will end up accompanying the financial dollars, since these usually act as a compass”.
On Tuesday the Government, in addition to announcing the qatar dollar (which implies adding 30% of the Country tax, 45% of Income and personal assets, and a new 25% of Personal Assets to the official retail dollar), also announced the dollar Luxury for the purchase of sumptuary or “luxury” goods abroad (this dollar will be $300, double the value of the one applied until Tuesday) and the coldplay dollar that it is a differential exchange rate for recreation services and artistic activities contracted abroad (implies a 30% Country Tax on the official exchange rate).
In his analysis with Ámbito, John Paul Albornozan economist at INVECQ said that “the measure seeks to discourage the demand for foreign exchange for tourism and consumption with cards without affecting ant consumption (streaming services in particular, monthly amounts of less than US$300 in general). In my opinion, the market probably read this as another sign of the main economic policy of this government, which is not to devalue. How not to devalue? Any way at all”.
Regarding the evolution of parallel exchange rates, Albornoz believed that “I doubt that this dollar is a floor for the blue, it is also impossible to know because although it is the most relevant market for ordinary Argentines, it is very small and with little volume” and added: “In the short term I am more concerned about the dynamics of accumulation or deaccumulation of foreign currency in the official market and the liquidations of agriculture more than this of the Qatari dollar, I think that the focus will be on that.”
For its part, in a weekly analysis, Mauro Cognettamanaging partner at Global Focus Investments, opined that “It is highly likely that as the days go by, both the blue dollar and the MEP and the CCL will converge on the new Qatari dollar, which would function as the new floor for financial dollars.”
More news about the Blue Dollar and the Dollar
Source: Ambito
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