Bank of America projects an official dollar of $681 and the CCL dollar at $1,294 by the end of the year.
The main Wall Street banks closely follow the Argentine economy and after the devaluation of the official dollar, many began to sharpen the pencil and change the forecasts until December 2023. One of them was the Bank of America.
The financial analyst Esteban Monte revealed that the BoFA projects an official dollar $681 and the CCL dollar at $1,294 by the end of the year.
In turn, for 2024 they maintain that the official exchange rate will reach the $1,782 and the dollar CCL will be located in $2,495. In 2025while, the official dollar will rise to $2,895 and the dollar CCL will be located in $3,474 by the end of this year.
BofAFurthermore, he pointed out in his report that The Argentine peso remains overvalued, with a parallel exchange gap of 150%.
It should be noted that the Minister of Economy and candidate of Unión por la Patria, Sergio Massa, ruled out that after runoff with Javier Milei a devaluation is applied as occurred on the Monday after the PASO, although he noted that on November 15 the crawling peg and the price will rise $3.
“We are going to lift the trap when the exercise is over.” 2024 and we have a sufficient amount of dollar reserves so that the flow of commerce is free and we do not have stress regarding our reserves,” said the UP candidate.
Source: Ambito
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