He official dollar It is the value of the quote in banks and exchange houses authorized to operate by the Central Bank. How it impacts the daily economy and sectors of the economy.
As anticipated Ambithe official dollar rose $3 (0.82%) to $353 and returned to a daily adjustment regime called “crawling peg.” According to operators in the first position of the day in the wholesale market It is offered at $350.05 at the selling point, almost $3 above its Tuesday price.
He official dollar It is the value of the quote in banks and exchange houses authorized to operate by the Central Bank. People buy and sell through Bank entities or exchange agencies. This market is called retail. However in the wholesale segment It is where it mostly affects the population. It is where they are made big operations , used by banks and companies. That is where the Central Bank intervenes to buy or sell.
Official dollar: what was achieved with the fixed exchange rate
That andthe official dollar being still for three months allowed prices to be contained and therefore had a direct impact on inflation. Prices for the month of October rose 8.3% after the jump in August and September, when the increases were 12% monthly. On the other hand, it allowed maintaining the exchange gap and even reduce it.
The measure was also contemplated in the reformulation of the agreement with the International Monetary Fund (IMF).
Central Bank BCRA_Petunchi
Ignacio Petunchi
Official dollar: what changes in the economy with the new rise
He fixed exchange rate had a correlation that was the difficulty accumulate reserves. This forced the central bank and to the Ministry of Economy to unfold the exchange market to generate a more competitive dollar for key sectors such as agriculture, the automotive sector, mining, oil, among others. For these sectors, it reports a slight improvement of $3.
For these, it must be remembered that they can negotiate 75% in the official dollar and 25% in Cash with Settlement or “CCL”.
Another incident is linked to the fact that the services of streaming and the consumption abroad.
At the same time, the rise in the official dollar also impacts the inflation, in the price of food (in case of pass trought), fuel, tariffs, exports, imports, the public debt market and recalibrates the expectations for investments.
Source: Ambito
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