Qatar dollar and Card: how are consumption abroad after the devaluation

After the devaluation of official dollar to $365.50 after primary electionshe Qatar shot up almost $130 and the Card and Saving they went up almost $115 in a single day.

In this context, the financial analyst christian buteler assured in dialogue with Ambit that the “coming months will be higher inflation and less activity“.

Qatar dollar and Card: how much are they trading this Monday, August 14 after the devaluation

He qatar dollar it climbed $129.18 (21.53%) to $729.20. In this way, the gap turned around and rose again by $44.20 against the blue which was relegated at $685.

Meanwhile, the Card and Saving $113.03 (21.53%) took off to $638.05.

Qatar Dollar and Card: what do City analysts think

“This decision ruined almost 4 years on the opposite path, which was the gradual devaluation. This type of decision taken after an election like yesterday’s demonstrates the mismanagement of monetary policybecause monetary policy is independent of elections,” began buteler.

In that context, he added: “If the BCRA saw that the economy needed a devaluation, it should have applied it before and not having expected the result because many reserves and dollars were lost along the way to intervene, for example, in the oil market. MEP dollar and to pay imports“.

“This, on the one hand, it will produce inflation and on the other, the rise in rates may affect activity morein a second semester where the activity will already be affected by the drought”, he concluded.

Dollar: what happened to the wholesaler

For his part, the executive director of Libertad y Progreso Aldo Abram affirmed that the Government “for the moment decided not to move the dollar wholesalerwhich is where most of the operations are done, because that is where the importers buy the dollars”.

“They have made a strong rise in what is the retail dollar and consequently all the others tourists enough to decrease the demand in those markets, that the truth do not affect the price level of goods and services as much that are marketed abroad,” added Abram.

In this sense, he explained that “they decided that those who buy with dollar card and Tourist pay more for dollars to reduce demand, because they are running out of foreign currency and what the International Monetary Fund (IMF) gave is just enough to pay maturities until November.”