In addition, the MEP dollar or “regulated” stock market rises 0.4% to $ 177.50, which leaves a spread with the wholesaler of 79.04%.
During the conference, the Minister of Economy, Martín Guzmán denied that there is going to be a “devaluation jump” to reduce the gap between the official dollar and the financial ones., while highlighting the role of the State to stimulate development, along with the search to achieve fiscal balance.
“We have confidence in the exchange rate policy that we have been carrying out and we are not going to make any devaluation jump,” Guzmán said during the opening day of the 57th IDEA Colloquium that takes place in Costa Salguero.
The exchange rate policy “will continue in line with what has been proposed in the macroeconomic scheme reflected in the 2021 Budget and then in the 2022 Budget“which foresees a 30% devaluation, he said.
BCRA, with a positive balance in October
With the purchase of this Tuesday, the Central Bank accumulates a positive balance of US $ 50 million in October, after the previous Tuesday two measures were established that tighten the stocks for the operation of financial dollars and limit the advance payment of imports during October.
Today was a day where the market maintained a level of business above US $ 300 million, which remains above the average for the month and the year, marking an operation within normal parameters.
In this way, it accumulates more than US $ 6.2 billion in the year. By October 2020, more than $ 400 million had been sold in six days.
From PPI they indicated that “when considering that the average daily intervention estimated in September reached US $ 22 million and that the net liquid reserves barely scratched US $ 1 billion as of October 5, it is evident that the BCRA had no other choice. “You have to adjust the ‘exchange stocks’ once again. Far from being a fundamental solution, it only serves to buy time, since the market tends to readjust.”
During the round, the currency increases five cents in the wholesale segment to $ 99.14.
In the retail segment, Meanwhile, the dollar today falls 10 cents to $ 104.57 -without taxes-, after registering its first decline in 11 wheels, according to the average of the main banks in the financial system. In turn, the retail value of the US dollar remains unchanged at $ 104.20 at Banco Nación.
In line with the Central purchases, gross international reserves rose US $ 54 million, to US $ 42,901 million (in the month they fell US $ 10 million).
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