The financial dollar deepened its fall and pierced $400, contrary to the blue

The financial dollar scored its second consecutive decline This Tuesday March 21 and it pierced $400, contrary to the blue, which shot up to touch its highest historical nominal value, amid doubts about the future of the economy due to high inflation, lower agricultural liquidations, draining of reserves and a high fiscal deficit.

In the bag, the dollar Cash with Settlement (CCL) -operated with the Global 2030 bond- it gave up $1.77 (-0.4%) to $399.59. Thus, the spread with the wholesale exchange rate was reduced to 94.9%.

While, the MEP dollar -operated with the Global 2030 bond- fell $1.65 (-0.4%) to $385.98. Indeed, the gap with the official was located in the 88.3%.

But the note of the day was given by the blue dollar, which shot up $8 to the unprecedented $394, according to the survey of Ambit in caves of the city of Buenos Aires.

In this frame, The Central Bank (BCRA) had to sell almost 100 million dollars of its reserves to supply the market, thereby accumulating a loss of about 2,320 million dollars so far in 2023.

“Beyond the concerns aroused by the daily bleeding of reserves, pending imminent measures in search of cushioning said dynamics, operators remain attentive to the rhythm of the ‘crawling-peg’, waiting for an acceleration to align it with the interest rate and inflation, although it could also be inclined to continue accentuating the delay so as not to add more pressure to prices”said the economist Gustavo Ber.

In conjunction with the BCRA, the Government decided to postpone the payments of capital maturities with the IMF this week for 2,676 million dollars, said an official source. “The government’s decision, which does not require the approval of the IMF’s executive board, is consistent with the rules of the organization and with Argentina keeping up to date with its payments to the Fund, therefore, it does not incur in arrears,” he confided to Reuters a spokesman for an official bank.

For its part, the Ministry of Economy is seeking help from international organizations to access liquid credits and the BCRA has already made three disbursements for 1,000 million dollars each from a current ‘swap’ with China, at a time when the guarantee is awaited. of the IMF board of directors to release 5.3 billion dollars based on the objectives met by the fourth quarter of 2022.

Market rumors about a possible exchange rate unfolding were denied to Ámbito by an official source from the Treasury area, while working on the preliminary of a new monthly tender for Treasury bills scheduled for Wednesday.

In the external context, fears about the strength of the global banking network and inflationary pressure on interest rates cast doubt on the policy that the US Federal Reserve will determine on Wednesday. “Although the uncertainty has not yet cleared up, renewed signs of easing of fears about the (global) banking crisis once again provide room for relief on Wall Street, waiting tomorrow (Wednesday) for the Fed’s decision with operators who They are debating whether another 25 basis points or a pause would be better in this context, even when inflation remains high,” Ber said.

For its part, the country risk measured by the JP.Morgan bank fell 50 units to 2,322 basis points.

Qatar dollar price, Tuesday March 21

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- climbed 78 cents to $424.48.

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

Price of the tourist dollar or card dollar, Tuesday, March 21

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 $300 per month- earned 68 cents $371.42.

Savings dollar price, Tuesday, March 21

The dollar savings or solidarity dollar -which includes 30% of the tax COUNTRY and 35% deductible from Income Tax Earnings and Personal Property– rose 64 cents to $350.20.

Price of the wholesale dollar, Tuesday, March 21

The wholesale dollar, that directly regulates the BCRA, it rose 49 cents to $205.02.

Price of the crypto dollar, Tuesday, March 21

He Crypto dollar or Bitcoin dollar rises 0.3% to $396.97, based on the average among local exchanges reported by Coinmonitor.