At par, the dollar MEP or Stock Market– also operated with the Global 2030 bond- climbs for the fourth day in a row, climbing $1.53 (+0.4%) to $357.76. Indeed, the spread with the official stands at 85.6%.
In the parallel market, meanwhile, the blue dollar give up $1 up to $377, according to a survey of Ambit in caves of the city of Buenos Aires. Thus, the exchange rate gap is reduced to 95.5%, the lowest level in a month and a half.
Operators said that the monetary authority was regulating the outflow of reserves, which the day before yielded almost 500 million dollars in their daily variation based on provisional data.
Of these, about 262 million dollars were to cancel the early purchase of a ship with liquefied natural gas (LNG) thanks to the low international prices of the hydrocarbonwhich will allow the Government the savings of about 2,100 million dollarsaccording to official sources.
“Although early LNG purchases would help lower the cost of gas imports, in the short term they continue to complicate the achievement of the net reserve goal for the first quarter of 2023,” warned from Delphos Investment.
“So far in February, sales already exceed 808 million dollars and almost 1,000 million since the end of 2022. If the selling trend persists on a daily basis, the drop in net reserves would be close to 2,000 million dollars at the end of February”, they added.
The agreement of a Repo loan with banks would be a key measure to mitigate the fall in reserves. The Government received seven offers from financial institutions this week for this operation for about 1 billion dollars with rate less than 10%.
The BCRA reserves also suffer from the lower sales of agricultural dollarsa sector that is waiting for some new relief with a special rate to return to the market.
In the midst of a persistent context of greater global aversion to stock assets, the Argentine country risk rose eight points, to 2,013 units. This benchmark indicator against US bonds returned to the line above 2,000 basis points the day before, for the first time since mid-January.
This Thursday, the BCRA is expected to keep its benchmark interest rate stable at 75% per year, despite rising inflation, which is dashing hopes of a possible cut, market sources commented.
Qatar dollar price, Thursday, February 16
He 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- is stable at $398.94.
This exchange rate applies to consumption abroad with debit and credit cards over $300 per month.
Price of the tourist dollar or card dollar, Thursday, February 16
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- operates without changes to $349.07.
Savings dollar price, Thursday, February 16
The dollar savings or solidarity dollar -which includes 30% of the tax COUNTRY and 35% deductible from Income Tax Earnings and Personal Property– is offered without variations to $329.13.
Price of the wholesale dollar, Thursday, February 16
The wholesale dollar, that directly regulates the BCRA, climbs 42 cents to $192.80.
Price of the crypto dollar, Thursday, February 16
He Crypto dollar or Bitcoin dollar loses 0.1% to $369.87, based on the average among local exchanges reported by Coinmonitor.
More notes on Dollar and Dollar blue
Source: Ambito
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