In the midst of the bleeding of reserves, the dollar It is a price that is closely watched. When there is uncertainty not only in relation to the government’s ability to pay its debts in foreign currency but also due to the upcoming elections, financial dollars tend to increase in price due to increased demand. In this difficult context for the Ministry of Economy to administer, some economists are already beginning to sharpen the pencil for their clients. What can happen in the elections?
The analyst Salvador Di Stéfano analyzed the “agro dollar”, the alternative announced by Sergio Massa to meet the reserve goal with the International Monetary Fund (IMF) and assured: “On August 13 you will be very clear who is going to be the next president and what expectations it awakens. I would say that if I had soybeans, I would like to sell after August.”
“Every soybean dollar implies currency issue because the wholesaler is 210 pesos and you are going to pay a dollar at 300, you are going to print $90 per dollar. Every time there is a soybean dollar, The ghost of alternative dollars appears because there is going to be a lot of currency issuance. This calls for speculators to be more optimistic that alternative dollars rise in price and I refer to the tests,” he assured in dialogue with the program “El mejor postor”, Radio con Vos.
“From September to today, which is six months, we spent a blue from $294 to almost $400,” he added.
In relation to the elections, Di Stéfano spoke of three types of exchange rate: “the dollar today has become something of the highest sophistication. I say that there is a white dollar, the MEP that people use to arbitrate internally. When the People distrust the government, they cancel fixed terms and buy the MEP dollar. The MEP dollar is like a savings dollar”, “the CCL is a fleeing dollar, in the last 12 months the dollar that rose the most was the CCL.”
“The blue dollar is the people’s dollar that all Argentines have, it is bought by the rich and the poorest. When there is a recession, the blue is the one that rises the least. When there is currency expansion, we have that it is the one that rises the most “, he added.
“If I stick to my instinct, I believe that the government has no choice but to inject money into the market if it wants to have a good role in the elections. If the “platita” plan returns here, that on April 12 in go ahead and start printing the ticket, you can see the blue for $500 at the doors of the PASO, July”. But he clarified: “It will enter $500 if the government does the little money plan.”
Source: Ambito
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