in tune, the MEP earns 80 cents (+0.2%) and operates at $355.55. The gap with the wholesaler stands at 89.1%.
For his part, the blue dollar rises $1 to $379, while the gap with the wholesale exchange rate reaches 101.6%.
“Beyond that, financial dollars remain relatively stable in the face of daily interventionseven when restricting a gradual slide accentuates the delay and thus feeds back the search for coverage, usual in an election year and given the imminent drop in the demand for money,” said Gustavo Ber.
Argentina’s bonds maintained an ascending price path on Thursday that began in mid-January, when the Government announced a sovereign debt repurchase to improve the country’s debt profile, while the stock market fell due to profit taking after succulent accumulated gains.
Argentina announced that it is beginning a repurchase of foreign debt for about US$1,000 million.
“With data as of January 27, we estimate that the Treasury has already bought 482 million dollars of foreign currency titles, being one of the determinants of the poor performance of international reserves in the last 15 days,” said the clearing agent and Cohen settlement.
“These debt repurchase operations are not well regarded by the IMF despite the fact that the government had said that it had its approval,” he added.
The International Monetary Fund (IMF) warned Argentina on Wednesday that the objectives of the program agreed with the agency to rebuild foreign currency reserves with the repurchase of bonds should not be undermined.
The international reserves of the central bank (BCRA) total US$41,376 million, according to the latest data from the monetary entity, at a time when fewer liquidations in the agro-export sector pressure the BCRA to sell foreign currency to attend genuine market needs.
Qatar dollar price, Friday, February 3
The new qatar dollar -which includes 30% of the COUNTRY tax, 45% deductible from Income Tax and Personal Property Taxand a new perception of 25% on account of Personal Assets- climbs 46 cents and trades at $390.74.
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, Friday, February 3
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 for consumption with cards abroad of up to US$300 per month- appreciates 40 cents and operates at $341.90.
Savings dollar price, Friday, February 3
The dollar savings or solidarity dollar -which includes 30% of the tax COUNTRY and 35% deductible from Income Tax Earnings and Personal Property– increases 38 cents and is offered to $322.36.
Price of the wholesale dollar, Friday, February 3
The wholesale dollar, that directly regulates the BCRA, up 30 cents to $188.
Source: Ambito
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