In turn, the MEP dollar registers its sixth consecutive rise and climbs $5 (+1.7%) to $304.76, its highest value since the end of July. Consequently, the spread with the official reaches 87.9%.
In the parallel market, for its part, the blue dollar shoots up $6 (+2%) to $300, its highest value since July 28. Thus, the gap with the official reaches 85%.
The president, Alberto Fernández, and the Minister of Economy, Sergio Massa, are in Bali to participate in the annual meeting of the G20. This Tuesday they announced that China confirmed the extension of the swap in US$5 billion to strengthen reserves. the chinese president, Xi Jinping stated that the intention is that it can be completed in the next 30 days.
In the meantime, October inflation would have reached 6.5%, mainly due to increases in food and servicesaccording to the median of a Reuters poll.
Doubts about the progress of the local economy persist given inflation of around 100% by 2022 and the constant monthly devaluation of the peso close to 7%.
“The problem going forward that this administration maintains is that to maintain the attractiveness of peso instruments, it must compete with the nominal value imposed by inflation”said clearing and settlement agent Neix.
“A fiscal consolidation process is essential for debt sustainability, since it tends to reduce financing needs and generate an improvement in market expectations, which would allow the Treasury to improve debt conditions in pesos in the short term. term and recover access to international financial markets in the medium term”, added the consultancy Ecolatina.
The monetary authority accumulates in November sales of reserves for some 863 million dollars, despite strict exchange controls that should stop the flight of foreign currency. Traders said this streak, the worst in at least 26 months, should force a change in the conservative strategy of the authorities.
In the midst of this panorama, the country risk measured by the JP Morgan bank it fell 37 units to 2,381 basis points.
Savings dollar price, Tuesday, November 15
The dollar savings or solidarity dollar-which includes 30% of the tax COUNTRY and 35% deductible from Income Tax and Personal Assets- rises 71 cents to $278.93.
Price of the tourist dollar, Tuesday, November 15
The tourist dollar or card -retailer plus COUNTRY Tax, and a perception of 45% deductible from Income Tax and Personal Property Tax for consumption with cards abroad of up to US$300 per month- earns 75 cents to $295.84.
Qatar dollar price, Tuesday, November 15
The new qatar dollar -which includes 30% of the COUNTRY tax, 45% deductible from Income Tax and Personal Property TaxY a new perception of 25% on account of Personal Assets- amounts to 86 cents to $338.10.
It is worth noting that this exchange rate applies to Consumption abroad with debit and credit cards over US$300 per month.
Price of the wholesale dollar, Tuesday, November 15
The wholesale dollar, that directly regulates the BCRA, earns 42 cents to $162.20.
Source: Ambito
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