Likewise, the MEP dollar or regulated stock market rises 0.5% to $ 180.12, which leaves a gap of 80.95%.
The blue dollar rebounded and was again very close to its historical nominal record of $ 195, according to a survey of Scope in the Black Market of Currencies. After suffering its first decline in 5 days, the parallel dollar increased 50 cents to $ 194.50, so the gap with the wholesale exchange rate, which is regulated by the Central Bank, reached 95.4%.
The Minister of Economy, Martín Guzmán, stated that “there will be no devaluation considering that the BCRA is buying dollars, we have a trade surplus and exports are growing; there is more resilience ”. He also raised in relation to the agreement with the IMF the need for it to be a sustainable pact and anticipated that said agreement “will take many steps” given the large volume of debt.
Yesterday, the Central Bank bought $ 25 million and scored its twelfth round with no sales. In this way, it is heading to close the month as the best October of the last decade with a level of operations in the foreign exchange market that was always above the monthly and annual averages.
In October, more than US $ 530 million have been bought compared to sales in October 2020 for more than US $ 600 million in the same number of days. In the accumulated of the year, purchases exceed US $ 6.7 billion and it is the second best year in the last decade.
On the issue of the monetary authority’s reserve, the economist Gustavo Ber stated that “the more neutral balance that the BCRA has been exhibiting in the last few rounds deepens concerns about the dynamics of net reserves, which remain at a level that is too low at future”.
“This is accentuated by the interventions that must be resumed in financial dollars, in order to stop the recent slide that has led different implicit exchange rates to test $ 200, a ‘psychological barrier’ that it would seek to defend itself in order to avoid an acceleration in dollarization, since it could be dangerous in a climate of mistrust and excess of pesos, “he added.
Meanwhile, the analyst Gustavo Quintana said that “the weakness of demand, as a consequence of the restrictions to access the purchase of foreign currency, continues to generate a favorable scenario for the official objectives with purchases that allow it to exhibit good results for this month, something unexpected at the beginning of it “.
The gross international reserves of the monetary authority climbed US $ 19 million this Monday to US $ 43,057 million.
Official dollar
The dollar today operates almost stable at $ 105.05 -without taxes-, according to the average of the main banks in the financial system. In turn, the retail value of the US dollar remains stable at $ 104.75 at Banco Nación.
The savings dollar or solidarity dollar -which includes 30% of the COUNTRY tax, and 35% on Profit account- operates at almost $ 173.33.
The wholesale currency is up six cents at $ 99.54.
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