In turn, the MEP dollar fell 29 cents (-0.1%) to $313.58, after touching $318 during the day, its highest value since the end of July. Consequently, the spread with the official reached 92.2%. During the week, the stock market dollar shot up $15.87.
In the parallel market, for its part, the blue dollar yielded $1 to $306. Thus, the gap with the official reached 87.6%.
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 looking for hedges.
“Financial exchange rates continue to recover ground in the face of inflation and the yield of interest rate placements, pushed by the perception of a certain relative delay and an increase in liquidity in the market due to the acceleration of the purchases of bonds in pesos of the BCRA (+$210,000 million in the last 30 days)”, commented from Delphos Investment.
It should be remembered that the Government achieved this week a currency swap agreement with China to quickly access BCRA liquid reserves, while the International Monetary Fund (IMF) analyzes internal accounting numbers to see the level of compliance with the commitments assumed for the third quarter of the year.
The reserves available for the BCRA add up to “5,000 million dollars as a result of the release of part of the swap after the agreement with China (…) We have 10,000 million (dollars) available to work in the single free exchange market” with what provided by agro-exporters in September, Economy Minister Sergio Massa told the press.
Savings dollar price, Friday, November 18
The dollar savings or solidarity dollar-which includes 30% of the tax COUNTRY and 35% deductible from Income Tax and Personal Assets- rose 54 cents to $280.86. In the week it advanced $4.04.
Price of the tourist dollar, Friday, November 18
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 58 cents to $297.89. In the week it increased $4.29.
Qatar dollar price, Friday, November 18
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- increased 66 cents to $340.44. In the week he earned $4.90.
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, Friday, November 18
The wholesale dollar, that directly regulates the BCRA, it rose 40 cents to $163.18. The volume operated in the spot segment was US$227,847 million. In the week that just ended the wholesale exchange rate rose $2.48, above the $2.40 increase registered in the previous week.
Source: Ambito
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