Following the announcement of the economic measures launched by the Government to control inflation, the financial dollars hit the highest in two weeksthis Monday, May 15, but the gap was widened with the blue dollar
After the Government announced that it is going to maintain intervention in alternative exchange rates, and even strengthen it, and that it will take measures regarding the official dollar, the CCL rose $3.8 (+0.9%) to $444.60 and the MEP rose $3.35 (+0.8%) to $437.66.
The blue dollar scored its biggest rise in three weeks this day and once again exceeded $480, for which the illegal bill surpassed Qatar and became the most expensive exchange rate on the market. It should be noted that so far in May, in turn, the US currency registers an advance of $14, after ending April at $469.
Gustavo Berexplained that “although they started off relatively calm, with the running of the wheel, The deregulated and free financial dollars began rearranging in response to the latest measures announced, as operators anticipate that they would be ineffective in improving expectations. (or at least activate greed) in the current political-economic context. The hard inflation data and measures that are perceived as ineffective in this delicate scenario”.
The announcements came after April inflation reached 8.4% per month. In this context, the Government anticipated this weekend that The Central Bank (BCRA) will increase intervention in the foreign exchange market and will manage the pace of the crawling peg. Although it has been doing so, everything indicates that they are willing to reinforce these policies to contain and control as much as possible the exchange dynamics, which is a key element in the course of inflation in Argentina.
How much does the dollar operate today, Monday May 15
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- rose $2.64 (+0.6%) to $482.78.
This exchange rate applies to consumption abroad with debit and credit cards over US$300 per month per person.
For his part, he savings dollar or solidarity dollar -which includes 30% COUNTRY tax and 35% deductible from Income Tax and Personal Assets- rose $2.18 (+0.6%) to $398.29.
Meanwhile, the dollar wholesalerwhich is directly regulated by the BCRA, increased $1.50 (+0.7%) to $230.70 for sale.
How much does the tourist dollar operate at, Monday, May 15
He tourist dollar or card -Retailer plus 30% of the COUNTRY Tax, and a perception of 45% deductible from the Income Tax and of Personal property for consumption with cards abroad up to u$s300 per month- advanced $2.31 (+0.6%) and closed at $422.43.
Source: Ambito
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