24hoursworld

The dollar on the stock market rose more than the blue: the MEP recorded its highest daily rise since September

The dollar on the stock market rose more than the blue: the MEP recorded its highest daily rise since September

In turn, the MEP dollar rebounded $7.49 (+2.4%) to $319.30. Indeed, the spread with the official reached the 93.7%.

In the parallel market, for its part, the dollar blue climbed $7 (+2.2%) to $319, so the gap with the official exchange rate reached 93%.

The committed level of international reserves of the central bank (BCRA), persistent inflation, which would reach 100% this year, a high fiscal deficit and political tensions, create an adverse combo for investments.

In the global context, a greater appetite for risk was noted due to speculation of a relaxation in US monetary policy after the minutes of the Federal Reserve (Fed) that were released the day before.

“Argentina’s (economic) conditions continue to be complicated, which is why investors seek refuge and try to dollarize positions. This situation drives the dollar to rise,” said a financial trader.

The holiday in the US restricted local operations to financial institutions that can be carried out against their own accounts in dollars at the BCRA and those that are settled starting tomorrowsaid Gustavo Quintana of PR Corredores de Cambio.

The Government seeks to speed up a review of the accounts of the International Monetary Fund (IMF) to approve objectives for the third quarter of 2002 that would enable the disbursement of fresh funds for the reserves.

Savings dollar price, Thursday, November 24

The dollar savings or solidarity dollar-which includes 30% of the tax COUNTRY and 35% deductible from Income Tax and Personal Assets- rose 65 cents at $284.20.

Price of the tourist dollar, Thursday, November 24

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 68 cents to $301.42.

Qatar dollar price, Thursday, November 24

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- earned 78 cents to $344.48.

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, Thursday, November 24

The wholesale dollar, that directly regulates the BCRA, it advanced 37 cents to $165.21. The volume operated in the spot segment was US$166,657 million.

This Thursday’s holiday in the US had an impact on the volume traded in the spot segment, which was below the daily average for the month.

Source: Ambito

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts