Amid exchange stress, the Central Bank sets new limits on the dollar to discourage speculative demand

Amid exchange stress, the Central Bank sets new limits on the dollar to discourage speculative demand

The decision was made by the BCRA Board of Directors “considering the higher seasonal demand from importers with a lower presence of normal exporters at this time of year, aggravated by a strike decreed at the Rosario port terminal”, Central sources indicated to Ámbito.

“Financial entities have a position in foreign currency below the regulatory limit and they advanced in conversations with the BCRA that they are in a position to maintain that position, which will be at the same level of the monthly average of daily balances registered in October or the one in force at today, whichever is less “, explained sources from the entity led by Miguel Pesce.

The measure comes amid strong exchange rate pressure, just over a week before the legislative elections. In fact, this Thursday, the blue dollar reached its nominal record of $ 200 for sale, given the constant demand for foreign exchange as hedging of positions.

Source From: Ambito

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