The dollar MEP -operated with the Global 2030 or GD30- decreases $1.97 (-0.6%) up to $351.88, therefore, the spread with the official wholesale price operates at 90.5%.
In the parallel market, for its part, the blue dollar rises $1 to $382, according to a survey of Ámbito in caves of the City of Buenos Aires. Indeed, the gap with the officer reaches 105.8%.
The BCRA raised the rate of passive repos for entities by 200 basis points last week and the day before raised the rate for Mutual Investment Funds -FCI- to the equivalent of 95% of the passive repo rate for financial institutions, in an attempt to decompress the pressure on the alternative dollar.
“In the short term, attention is focused on the dynamics of financial dollars in order to assess the possibility of calming them after the latest economic measures”said the economist Gustavo Ber.
He added that “the operators are still waiting for an upward readjustment in the current exchange and monetary context, where the seasonal decrease in the demand for money is also added.”
“The announcement of the repurchase of debt made by the Government is a measure that aims to control the financial dollars. However, in the medium term the measure seems insufficient if the dollars used in these purchases result in a higher stocks that shifts demand towards financial dollars“, estimated Roberto Geretto, from Fundcorp.
“One of the possibilities to use the repurchased titles would be to contract a guaranteed loan known as REPO, which would provide liquidity to the Government to finance foreign exchange needs throughout the year,” estimated the consultancy Delphos Investment.
“For this, it would be very favorable if the downward trend of the country risk continues, which would help to improve the financial terms of this operation,” he said.
“That official announcement (of doubtful repurchase) would only be understood as favoring future loans by improving expectations”commented VatNet Financial Research.
For its part, the BCRA had to part with some US$56 million of its reserves to supply the market, with which the January balance is reduced to a positive of US$81 million in market purchases.
“After a start to the year with net purchases, the BCRA returned to selling dollars in the last wheels,” said Roberto Geretto of Fundcorp.
“If we add to this dynamic that the drought would cost at least US$10,000 million in exports, that the IMF will be paid net US$10,000 million this year, and that there are approximately US$10,000 million in imports paid last year, the move to buy bonds appears to be a long shot,” estimated.
Qatar dollar price, Wednesday, January 25
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 appreciates 28 cents and trades at $384.48.
This exchange rate applies to Consumption abroad with debit and credit cards over US$300 per month.
Price of the tourist dollar or card dollar, Wednesday, January 25
The tourist dollar or retail card plus 30% of the COUNTRY Tax, and a perception of 45% deductible from the Income Tax and of Personal property to consumption with cards abroad up to u$s300 per month- raise 25 cents and trade at $336.42.
Savings dollar price, Wednesday, January 25
The dollar savings or solidarity dollar -which includes 30% of the tax COUNTRY and the 35% deductible of Income Tax and Personal Assets- increases 23 cents and trades at $317.20.
Price of the wholesale dollar, Wednesday, January 25
The wholesale dollar, that directly regulates the BCRA, it becomes 37 cents more expensive and is trading at $185.10.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.