The financial dollars loosen their bullish march after touching this monday april 3 new nominal highs: the MEP exceeded $400 for the first time, while the CCL drilled $410 in an unprecedented wayat a time when the Government is expected to announce the guidelines for a new incentive for agricultural exports in order to swell the scarce reserves of the Central Bank (BCRA).
In the Buenos Aires stock market, the dollar Counted with Liquidation (CCL)-operated with the GD30 bond- It advances 41 cents (+0.1%) to an unprecedented $406.95, after hitting an intraday high of $410.90. Indeed, the gap with the official stands at 93.5%.
For his part, he MEP dollar or Bag -operated with the GD30 bond- it fell 15 cents (-0.04%), to $397.22, after touching $401.64 in the first part of the day. Thus, the spread with the official reaches 88.8%.
In the parallel market, on the other hand, the blue dollar drops $2 (-0.5%) to $393 for sale, according to a report of Ambit in the parallel market.
“We believe that the announcement of the ‘agro dollar’ measures by the Ministry of Economy on Wednesday will be decisive, since it could bring some calm to the dramatic situation that the BCRA coffers are going through,” said Portfolio Personal Investments.
The announcement of a new special exchange rate for agro-exporters, known locally as the “soybean dollar”, is awaited to favor sales in the sector, which aspires to make agro-exporters liquidate some 15,000 million dollars between the second and third quarter of 2023.
The Argentine agro-export companies liquidated 1,229 million dollars during March, which represented a sharp collapse compared to liquidations of 2,984 million dollars in the same month last year. “The supposed new dollar for soybeans and regional economies is another sign that the exchange market is still not closed,” said Fundcorp’s Roberto Geretto. “This new scheme, unlike the previous soybean dollars, promises fewer dollars and more inflation due to the effects of the drought and because products with some weight in the CPI (retail price index) are added,” he estimated.
The country risk measured by the JP.Morgan bank rose four units, to 2,306 basis points, compared to a record high level of 2,976 units recorded at the end of July 2022.
The BCRA lost some 1,900 million in March to meet genuine market demand. So far in 2023, the BCRA has a negative of almost 3,000 million dollars. “The IMF (International Monetary Fund) is part of the issue because the goals are not met and perhaps it can condition the waivers to some scheme that goes in the way of simulating a devaluation and simplifying the exchange market,” said EconViews.
The IMF executive board said on Saturday that with the approval of the fourth review of the extended facilities agreement in favor of Argentina, the modification of the goal of net reserves recorded by the BCRA was supported.
Qatar dollar price, Monday, April 3
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- operates stable at $432.48.
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, Monday, April 3
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- quotes at $378.42.
Savings dollar price, Monday, April 3
He savings dollar or solidarity dollar -which includes 30% of the tax COUNTRY and 35% deductible from Income Tax Earnings and Personal Property– operates at $356.80.
Price of the wholesale dollar, Monday, April 3
The wholesale dollarwhich is directly regulated by the BCRA, up $1.34 to $210.35 for sale.
Price of the crypto dollar, Monday, April 3
He Crypto dollar or Bitcoin dollar down 0.6% to $395, based on the average among local exchanges reported by Coinmonitor.
Source: Ambito
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