In turn, the The MEP dollar registered its seventh rise in a row and rose $5.31 (+1.8%) to $308.98, its highest value since the end of July. Consequently, the spread with the official reached 90.2%.
In the informal market, for its part, the dollar blue climbed another $6 to $308, its highest value in three and a half months.
The inflationary escalation that could reach 100% this year, a high fiscal deficit, few reserves in the Central Bank (BCRA) and political and social tensions create an uncertain climate among investors seeking hedges.
The Parallel Dollar “For several months I had been running after a very high nominal value, because the interest rate in pesos, the treasury hike and the BCRA through, were encouraging speculative positions in pesos. In fact, we saw the stock of fixed-term deposits private sector to reach new real highs in recent weeks. With which, in any case, it would be beginning to ‘catch up’ with the rest of the nominality”indicated to Ambit the economist from Consultora Ledesma, Gabriel Caamano.
But in addition, the specialist remarked that “There were negative signs at the local level, on the one hand, with the debt swap, demonstrations by the economic team, a BCRA that is issuing strong again to buy secondary and continues to lose reserves, and the Treasury, together with the monetary authority that is not they want to continue raising the rate, with locial all this combo may have influenced that process of going to the rate in pesos is reduced and that part of that flow begins to go back to dollars”.
Beyond the fact that this Wednesday it ended a streak of 13 consecutive days with sales, the BCRA accumulated in November a drain of dollars of more than US $ 900 million.
“The increase in BCRA debt compromises monetary stability. The central bank’s stock of interest-bearing debt poses important macroeconomic challenges,” Moody’s rating agency said at a conference on Argentina.
Savings dollar price, Wednesday, November 16
The dollar savings or solidarity dollar-which includes 30% of the tax COUNTRY and 35% deductible from Income Tax and Personal Assets- it rose 69 cents to $279.84.
Price of the tourist dollar, Wednesday, November 16
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- rose 74 cents to $296.80.
Qatar dollar price, Wednesday, November 16
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- it rose 84 cents to $339.20.
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, Wednesday, November 16
The wholesale dollar, that directly regulates the BCRA, it advanced 35 cents to $162.47. The volume operated in the spot segment was US$259,087 million.
Source: Ambito
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