The financial dollar remained under pressure: CCL shot up almost $7 and back above $400

The financial dollar remained under pressure: CCL shot up almost $7 and back above $400

Financial dollars rose strongly again this Thursday, March 30, and the Cash with Settlement (CCL) shot up almost $7 to exceed $400 again, on a day in which the Minister of Economy, Sergio Massa, announced a plan to exchange rate stabilizationwhich contemplates a special exchange rate for agricultural exports.

In the porter’s bag, the dollar CCL climbed $6.90 (+1.7%) and closed at $402.79. Indeed, the spread with the official was located in the 93.1%.

For his part, the dollar MEP or stock market climbed $5.01 (+1.3%) up to $391.82, near its nominal mid-month high ($393.65). Thus, the gap with the wholesale exchange rate reached 87.8%.

In the parallel market, meanwhile, the dollar blue held steady at $393 for sale, according to a report of Ambit in the parallel market.

Massa said in washington that next week an exchange rate stabilization plan will be launched, which includes a special exchange rate for soybean exports and certain commodities from regional economies, that It will run through April.

The measure comes after arduous negotiations between the Economy and the sector regarding what mechanism would be implemented to generate an improvement in competitiveness when exporting. This was confirmed by official sources Ambit in a context in which it is sought to promote the liquidation of dollars in the coming months due to the lack of supply of commercial currencies.

On the other hand, the Central Bank (BCRA) sold another US$76 million this Thursday and accumulated 18 consecutive days with negative balances in their interventions. In this way, so far this month he records a drain of US$1,799.5 million from its reserves.

The meeting the day before between the Argentine president Alberto Fernandez with his American peer Joe Biden could be a sign of support for the country at times when a hard drought hits its agricultural exports.

If he IMF confirm the fulfillment of the Argentine goals by the end of 2022the organism must disburse US$5.300 million and Argentina pay a outstanding debt of about US$2.7 billion.

He An agreement with the organization signed a year ago commits the country to add some US$7.7 billion in BCRA reserves to the first quarter of 2023when analysts calculate that the net currently total about US$3,000 million, in the midst of important daily sales of currencies to meet demand.

In that framework, the risk country measured by JP.Morgan it fell 39 units, to 2,318 basis pointsagainst a level above 2,500 units noted last Friday.

He Ministry of Economy awarded $7,493 million cash, the equivalent of some US$46 million, in the second round of a tender for Treasury bills, it was officially reported. “Looking forward to next month, the Treasury will face maturities of $1.134 trillion in April (88.2% private sector)”, recalled Portfolio Personal Inversiones (PPI).

Financial deals take shape amid conjectures ahead of the upcoming presidential elections in October, along with Doubts about the future of the domestic economy by a high inflation, fiscal deficit, poverty, drought that affects exports, retraction in prices of raw materials and reduction in BCRA reserves.

Qatar dollar price, Thursday, March 30

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- it advanced 62 cents to $431.62.

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, Thursday, March 30

He tourist dollar or card -Retailer 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- rose 54 cents and closed at $377.67.

Savings dollar price, Thursday, March 30

He savings dollar or solidarity dollar -which includes 30% of the tax COUNTRY and 35% deductible from Income Tax Earnings and Personal Property– increased 51 cents to $356.09.

Price of the wholesale dollar, Thursday, March 30

The wholesale dollar, that directly regulates the BCRA, it climbed 29 cents to $208.59 for sale.

Price of the crypto dollar, Thursday, March 30

He Crypto dollar or Bitcoin dollar rises 0.9% to $395.37, based on the average among local exchanges reported by Coinmonitor.

Source: Ambito

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