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Wednesday, March 22, 2023

The financial dollar scored its second weekly fall in a row and the heather brushed the lows of 2023

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For his part, he MEP dollar– also operated with the Global 2030 bond- registered a drop of 48 cents (-0.1%) and closed at $356.78. Consequently, the spread with the officer closed at 82.3%. Thus, between Wednesday and Friday, The stock market dollar registered an advance of $1.19 (-0.3%).

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In the parallel market, meanwhile, the blue dollar remained at $379after scoring his first six-wheel climb on Thursday, according to a survey of Ambit in caves of the City of Buenos Aires. The gap with the official exchange rate dropped to 93.7%. The parallel dollar posted a rise of $2 (+0.5%) during the week.

The scant reserves of the Central Bank (BCRA), rising inflation, the high deficit in public accounts, the drop in economic activity and a long drought that hits exports, are burning issues in a financial market that cannot find a direction in the medium term, say operators.

“The drought hit the harvest very hard and now a ‘dollar III’ will come (…) The agricultural liquidations will be limited as we get closer to the elections (presidential in October) because they will look at the next government”, commented Daniel Artana from FIEL.

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The lack of dollars makes it possible for the Government to come up with a new scheme for soybean exporters to settle the last holdings at a special exchange rate, as happened last September and December.

The BCRA must have sold about 28 million dollars in the day and closed the week with a negative of about 21 million, said operators. “Drought damage, strongly aggravated by the recent frost that affected the core zone, continues to be recalibrated by analysts (…) As a result of this dramatic scenario, the supply of agriculture in the exchange market could fall between 14,000 and 18,000 million dollars”maintained Portfolio Personal Inversiones (PPI).

Meanwhile, the Argentine Vice Minister of Economy, Gabriel Rubinstein, seeks to close a quarterly review with the International Monetary Fund (IMF) in Washington, to allow a disbursement of 5.4 billion dollars by the organization.

In the international arena, the president of the Federal Reserve of Boston, Susan Collins, affirmed on Friday that More rate hikes are necessary, which leads to greater risk aversion, regardless of domestic indicators, creating an uncertain climate months after a disputed presidential election.

The Argentine country risk measured by the JP.Morgan bank rose 10 units, to 1,999 points.

Towards the end of the market, the Treasury took 332,400 million pesos in a tender for five titles maturing in 2023. Monthly net financing exceeded 170,000 million pesos.

Qatar dollar price, Friday, February 24

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- earned 80 cents up to the $405.76.

This exchange rate applies to consumption abroad with debit and credit cards over $300 per month.

Price of the tourist dollar or card dollar, Friday, February 24

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 up to $300 a month- climbed 70 cents and closed at $355.04.

Savings dollar price, Friday, February 24

The dollar savings or solidarity dollar -which includes 30% of the tax COUNTRY and 35% deductible from Income Tax Earnings and Personal Property– increased 66 cents to $334.75.

Price of the wholesale dollar, Friday, February 24

The wholesale dollar, that directly regulates the BCRA, it rose 37 cents to $195.68. During the week, limited by the Carnival holidays, this exchange rate appreciated $2.49 (+1.3%), below the $2.68 (+1.4%) increase of the previous week.

Price of the blue dollar, Friday, February 24

He dollar blue closed stable at $379 for saleaccording to a survey of Ambit in caves of the city of Buenos Aires.

Price of the crypto dollar, Friday, February 24

He Crypto dollar or Bitcoin dollar loses 0.02% to $366.66, based on the average among local exchanges reported by Coinmonitor.

More notes on Dollar and Dollar blue

Source: Ambito

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