For its part, the MEP rises 1.2% to $ 205.84. Consequently, the spread with the official price exceeded 100% for the second consecutive time after six days below that level, reaching 105%.
Yesterday, the BCRA sold US $ 70 million in the exchange market after having bought about US $ 10 million in the previous round. Let us remember that in November it had sacrificed some US $ 890 million of its reserves.
It happened after the president of the monetary authority, Miguel Pesce, announced to industrialists that the entity will maintain the gradual reduction of the official peso in 2022, perhaps somewhat lighter than in 2021 but below inflation, according to a source from the Argentine Industrial Union (UIA).
For the analyst Gustavo Quintana, “the insufficiency of the genuine supply once again required official assistance to meet the authorized demand, inaugurating the month with red balances for the intervention of the Central Bank.”
The specialist added that “the probable acceleration in the rate of adjustment of the dollar in the wholesale segment, recognized by the statements of the President of the Central Bank, may stimulate higher demand for foreign currency and a symmetrical decrease in genuine supply, both factors that complicate the official strategy to mitigate the loss of reserves in the first part of December “.
For his part, the economist Gustavo Quintana stated that “the BCRA continues to seek to go through this stage with the least possible drainage of net reserves, since it is the main focus of short-term concern among operators.”
He added that “financial dollars continue to act as ‘thermometers’ of said expectations, with a still inclination towards coverage, waiting for progress in negotiations with the IMF that may contribute to reversing the climate of mistrust.”
Official dollar
The dollar today advances two cents to $ 106.62 -without taxes-, according to the average of the main banks in the financial system. In turn, the retail value of the dollar at Banco Nación is at $ 106.25.
The savings dollar or solidarity dollar -which includes a 30% of the COUNTRY tax, and a 35% on account of the Income Tax- amounts to three cents to $ 175.92.
The wholesale dollar, for its part, rises six cents to $ 101.16, under the strict regulation of the BCRA.
Yesterday, the head of the monetary entity, Miguel Pesce, announced to industrialists that the entity will maintain in 2022 the gradual reduction of the official peso, perhaps somewhat lighter than in 2021 but well below inflation, commented a source from the Industrial Union Argentina (UIA).
In this way, the wholesale exchange rate registered an advance of 36 cents this week and, with one day to go to the end of the week, an adjustment is projected slightly higher than that achieved in the previous week.
Source From: Ambito
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