“The dynamics of the BCRA’s net reserves continues to arouse special concern, amid new restrictions and waiting for a greater seasonal supply from the field. In this context, financial dollars have been presenting an expectant tone attentive to the news about the negotiations political and economic policies for an agreement with the IMF, since operators anticipate that a 100% gap is not sustainable and so definitions should arrive soon“, highlighted the economist Gustavo Ber.
Due to this need to preserve reserves, the board of directors of the Central Bank (BCRA) also decided to relax the recent regulations on the composition of the net global position of foreign currency of financial institutions, which basically did not allow them to increase their holdings in dollars.
“Thanks to this modification, the Financial System will be able to return to a neutral exchange position in foreign currency,” the monetary authority said in a statement, the measure of which will take effect as of December.
Before the general elections, on November 4, and in the midst of a growing exchange rate tension (when the blue had touched $ 200 for the first time), the BCRA had ruled that financial entities could not increase their global position in foreign currency until the end of the month, in order to avoid speculation about possible jumps in the exchange rate.
blue dollar
The blue dollar operates stable at $ 201 this Monday, according to a survey of Ambit in the Black Market of Currencies, for the second consecutive round. On Friday, he snapped a streak of six consecutive weekly raises.
The parallel dollar accumulated a decrease of 50 cents last week. Thus, the gap with the wholesale official is below 100%, at 99.4%.
Even so, the informal accumulates eight consecutive days operating at $ 200 or above that level, closer to the CCL ($ 212) than to the solidarity ($ 175).
So far in November, the informal dollar accumulates a rise of $ 3.50 (+ 1.8%), after climbing $ 11.50 in October (+ 6.2%).
Anyway, so far in 2021 the parallel accumulates an appreciation of $ 34.50 (20.8%), well below the accumulated inflation of 2021, higher than 41%.
Let us remember that during September, the informal dollar rose $ 4.50 (+ 2.5%), after posting its lowest rise since March in August, climbing just $ 1 (+ 0.6%). After hitting a low of $ 139 in early April, the parallel dollar increased $ 9 in April (6.4%), $ 7 (4.7%) in May, $ 11 (7%) in June, and $ 12.50 (+ 7.4%) in July.
Official dollar
The wholesale dollar, for its part, rose 13 cents to $ 100.93, under the strict regulation of the BCRA.
In the retail segment, the Today the dollar rises 24 cents this Monday to $ 106.41 -without taxes-, according to the average of the main banks in the financial system. In turn, the retail value of the US dollar at Banco Nación remains at $ 105.75.
The savings dollar or solidarity dollar -which includes a 30% of the COUNTRY tax, and a 35% on account of the Income Tax- advances 40 cents to $ 175.48.
Source From: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
