The “Cash with Settlement” dollar (CCL) It overheats this Monday, October 2 and breaks a new intraday record, being one step away from $840. Meanwhile, the MEP dollar remains firm above $700. This happened within the framework of a persistent process of portfolio dollarization by way of coverage less than four weeks from presidential election.
Thus, the CCL dollar goes up $12.02 (+1.5%) to $834.25 and the gap with the officer he positions himself in 138.3%maximums from July 2022after the resignation of the then Minister of Economy, Martin Guzman.
For its part, the MEP dollar climbs $4.93 (+0.7%) until $705.94. As a consequence, the spread with the exchange rate is located at 101.6%maximums from May 18, 2023.
Skyrocketing financial dollars: what’s happening?
The surge in financial dollars began last week prior to the closing of the Export Increase Program 4, which ended up being extended, with the intention of advancing settlements and that the Central Bank (BCRA) Continue adding dollars to your coffers.
In the middle of a great exchange rate pressurethe official exchange rate remained at $350, since the Government committed in August – when it devalued – not to modify this parity until the end of October.
For his part, the central bank (BCRA) basted 34 days with purchases of foreign exchange for about US$1,645 millionwith a September where a favorable balance of US$527 millionafter acquiring US$3 million this Friday.
“Unfortunately, Argentina is predictable due to its cyclical processes: there are exchange rate delayis generated inflationthe markets are disintegrated, it is devalued again and thus debts and liabilities are liquefied,” explained a manager of the external private bank.
For this reason, the BCRA announced that will allow you to enter foreign currency corresponding to capital contributions or financial debts of companies via the capital market since October with the condition that the repayment is made through the same financial means.
“The growing mistrust towards debt in pesos added fuel to financial exchange ratesadded the inevitable dollarization of portfolios in the preview of the general elections”held Delphos Investment.
An experienced exchange operator added that “weights in dance have two defined destinations: stockpiling of merchandise due to inflation wave Dollar purchase to have purchasing power, no one uses them as a savings currency.
The unknown about the name of the future presidentgiven the parity that the August primaries showed, shoots uncertainty in the financial markets due to distant economic proposals from the candidates with greater chances of success.
He International Monetary Fund (IMF) said that Argentina’s economic situation “continues to be very challenging and complex“, pointing to a inflation very high and Recent political measures “add to challenges” of the next government, in the midst of a current credit of US$44,000 million.
How much is the dollar trading at today, Monday, October 2
He wholesale dollar operates at $350.10 value that the BCRA seeks to sustain until the end of October.
Meanwhile, the Qatar dollar -which includes 30% of the COUNTRY taxa 45% deductible of the Income and Personal Property Tax, and a new perception of 5% on account of Personal Property – is listed at $660.60.
In mid-August, the Federal Public Revenue Administration (AFIP) arranged a 25% reduction at 5% in the perception of Personal Assets which applies to consumption abroad with debit and credit cards exceeding the $300 monthly per person. Thus, the call Qatar dollar It was no longer the most expensive exchange rate on the market.
Quote of Dolar blue today, Monday, October 2
He blue dollar sells for $800, according to a survey of Ambit in the caves of the City.
For its part, the crypto dollar or Bitcoin dollar quotes in the $819.78, based on average across local exchanges reported by Coinmonitor.
Price of the tourist dollar today, Monday, October 2
He tourist dollar or cardand savings (or solidarity) dollar -which include 30% of the COUNTRY TAX + 45% of the Earnings Perception– mark the $642.25.
Source: Ambito
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