For its part, the MEP decreased by $ 1.55 (-0.8%) to $ 195.55, so the spread with the official price was 92.3%.
The CCL comes from falling 5.7% (- $ 12.43) last week, its biggest drop since October 2020, while the MEP fell 3% (- $ 6.15) to $ 197.10.
The economist Gustavo Ber stated that financial dollars “continue to reflect an expectant tone, waiting to know what it would be. the strategy agreed with the IMF to narrow the high ‘gap’, given that it is not sustainable and generates distortions with respect to the objective of accumulating foreign exchange to which it would be targeting“.
The International Monetary Fund (IMF) and Argentina are “fully committed” to a new program, the IMF said on Friday, although more talks are needed following recent technical meetings between the two sides in Washington.
Meanwhile, a speech by Vice President Cristina Fernández de Kirchner in which she showed her opposition to an agreement under the normal conditions of the body once again put a blanket of uncertainty in the financial market.
“Thus, these facts demonstrate the difficulties in reaching an agreement that is economically and politically viable, where timing also matters because it cannot take too long, given the low level of reserves and payments to be made to the agency,” said Roberto Geretto, an economist at Fundcorp.
“This undoubtedly takes the momentum off the rally in dollar bonds seen last week,” he said.
On the other hand, the Minister of Economy, Martín Guzmán, said that “There has been no fall in international reserves” and he maintained that “for 2022 and onwards the accumulation of reserves is also an objective” of the national government..
When explaining the scope of the 2022 Budget in the Chamber of Deputies, Guzmán said that “the main problem that Argentina has faced in 2021 has been inflationary dynamics and it is an objective of the economy to attack“.
The dollar blue began another week in decline, by yielding $ 1 this Monday to touch $ 195.50, the lowest in almost two months, according to a survey of Ambit in the Black Market of Foreign Currency.
In this way, The parallel dollar posted its fourth drop in the last five wheels, after rising for the first time this month on Friday.
Consequently, the gap with the wholesale exchange rate, which is regulated by the Central Bank (BCRA), it fell to 92.2%, the lowest level since last October 20.
Let us remember that the informal dollar has fallen by $ 4 last week, conditioned by a greater demand for pesos, something common at this time of year, but also by the expectation of an agreement between Argentina and the IMF for the debt.
Last Thursday, the blue dollar registered the largest daily decline in a month and the lowest price since October 25, when it closed at $ 194.
Thus, so far in December, the informal dollar registers a decline of $ 6. It should be remembered that in November the parallel dollar showed a rise of $ 4 (+ 2%), after climbing $ 11.50 (+ 6.2%) in October.
Official dollar
The The wholesale dollar, meanwhile, climbed 15 cents to $ 101.70, under the strict regulation of the BCRA, the highest rise in a beginning of the week since last October 12.
In a day with a better balance between genuine supply and demand, the Central Bank absorbed the surplus of available foreign exchange and raised about US $ 5 million, after having sold US $ 155 million in the last four wheels.
Last week, the Central Bank validated the highest rate of adjustment of the wholesale exchange rate since the end of April, after last week its president, Miguel Pesce, said that the entity planned to adjust up the “crawling peg” while the inflationary process allowed it.
The maximums were noted with the first formalized operation, at $ 101.75, twenty cents above the previous end. The appearance of a greater stream of income was putting pressure on the initial values, generating a staggered decline in prices that only stopped when, at the end of the day, they reached a minimum of $ 101.70, the value that remained until the close of the date, defended by the Central Bank purchases on the end.
“So far in December, the monetary authority was able to finish with net purchases in just three days, a fact that they expect will be reversed by the end of the month when the sales of the next harvest begin a virtuous path that allows it to recover reserves for its activity of exchange regulation “, highlighted the analyst Gustavo Quintana.
In the retail segment, the dollar today increased eight cents this Monday to $ 107.38 -without taxes-, according to the average of the main banks of the financial system. In turn, the retail value of the dollar at Banco Nación remained at $ 106.75.
The saving dollar or solidarity dollar -which includes 30% of the COUNTRY tax, and a 35% on account of the Income Tax- amounted to 13 cents to $ 177.08.
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.
