The National Securities Commission (CNV) tightened the rules to prevent currency leakage through the Stock Market, limiting the ability of operators to buy MEP dollars and Cash with Liquidation (CCL). Implying?
The National Securities Commission (CNV) tightened the rules to prevent currency leakage through the Stock Market, limiting the ability of operators to buy MEP dollars and Cash with Liquidation (CCL). Despite the fact that the measure will be published tomorrow in the Official Gazette, many economists have already begun to give their opinion on the announcement through their social networks.
One of the first to do so was Salvador Di Stefano: “More stocks, if you saw a bond you will not be able to buy MEP and CCL dollars. If you watch soccer you cannot buy MEP and CCL dollars. So on and convert to Blue dollar in the supreme”.
the economist Natalia Motyl He also gave his opinion of the measure on Twitter with a brief review of the announcement: “Personally, I find it unnecessary. Tomorrow the blue is going to rise because they set off the alarms of “they are slapping the drowned”. Today the market discounts that there is going to be a correction and the acceleration of portfolio dollarization will depend on whether the market today believes that the government can continue with this policy.
christian butelerFor his part, he stated: “A thousand measures to prevent you from being able to acquire dollars, not one to stop issuing pesos, which is what you need to buy dollars.”
As soon as the rumor settled in the market, the analyst Salvador Vitelli was blunt: “wanting to cover the sun with his hand” to later add in another comment: “more stocks, more gap.”
Gabriel Caamanoan economist from the consulting firm Ledesma recalled that it was a measure used before by Martín Guzmán to loosen the pressure of the parallels: “The MEP and CCL are going to intervene on the screen and they want the demand there to be reduced so that they get more cheap, cutting leverage in pesos and sending part of the volume to OTC. Nothing new under the sun, Guzman had already done it in 2021” while highlighting the return of the SENEBI Dollar.
Source: Ambito
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