He dollar CCL-operated with the GD30 bond- climbs $4.29 (+1%) to $409.10, very close to its nominal high of $411.60 noted earlier in the month. In this way, the gap with the official is located at 89.1%.
On the other hand the dollar MEP or Bag -operated with the GD30 bond- stops its upward trend and it yielded 58 cents (-0.1%) to $398.04, after scoring its biggest daily rise in three months on Friday.
Meanwhile, in the parallel market, the blue dollar remains stable for the second consecutive day at its historical nominal record of $400.
Investors are in a virtual holding pattern awaiting signals about the next steps in the economy. Over the weekend, Argentina and the International Monetary Fund (IMF) said that they will continue to work on the economic goals included in a 44 billion dollar loan granted to the country, at a time when a severe drought hits exports and could lead the economy into recession.
The IMF recently cut the level of reserves that the country needs to accumulate by the end of this year, at a time when a sharp inflationary escalation hits the economy and the proximity of the presidential elections puts pressure on public spending.
In an attempt to swell the reduced reserves of the Central Bank (BCRA), the Government implemented last week a special exchange rate for soybean exports and regional economies called the agricultural dollar.
“It is feasible that in the short term the Government will look for new ways to reduce the demand for foreign currency. Mainly, within the “unification” requested by the IMF, it is likely that service payments (including financial and freight?) will begin to suffer of new surcharges to try to reduce their demand”They said from the EcoGo consultancy.
Last week the BCRA bought from the market some 297 million dollars for their coffers encouraged by the special agricultural liquidations that totaled some 765.4 million dollars.
“The other side (of the agricultural dollar) is that the best exchange rate for exporters is associated with monetary expansion, since at the macroeconomic level the soybean dollar is equivalent to a reduction in withholdings financed with monetary issue.” Explained the economist Roberto Geretto of Fundcorp and affirmed “In this scheme, accumulating reserves is opposed to lowering inflation.”
The Argentine country risk of the JP.Morgan bank rose 35 units, to 2,399 basis points.
This Monday, the opinion of the Faculty of Economic Sciences of the UBA on the public debt swap proposed by the Government was knownby which official entities must exchange their bonds in dollars (New York Law) for a new Dual bond maturing in 2036, which maintains the operation generates a neutral effect for the consolidated public sector.
“It must be taken into account that the study is only done on the accounting gains or losses in the portfolios of the evaluated organizations and lacks a comprehensive macroeconomic analysis,” they gave from Portfolio Personal Inversiones (PPI).
Qatar dollar price, Monday, April 17
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- rises $2.20 and operates at $445.74.
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 17
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- advances $1.93 and operates at $390.02.
Savings dollar price, Monday, April 17
He savings dollar or solidarity dollar -which includes 30% of the tax COUNTRY and 35% deductible from Income Tax Earnings and Personal Property– rises $1.81 and sells in the $367.74.
Price of the wholesale dollar, Monday, April 17
The wholesale dollarwhich is directly regulated by the BCRA, rises $1.30 to $216.40.
Price of the crypto dollar, Monday, April 17
He Crypto dollar or Bitcoin dollar rises 0.3%to $401.87 based on the average among local exchanges reported by Coinmonitor.
Source: Ambito
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