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CCL dollar remains stable and the gap remains below 25%

CCL dollar remains stable and the gap remains below 25%

He dollar Counted Con Liquidación (CCL) remains almost stable around $1,085, so the gap with the official remains below 25%. For his part, the MEP rises almost $4 and is close to $1,040. This happens on a day marked by the debate of the Bases Law in Congress.

Last week, the exchange rate used by companies to transfer foreign currency abroad registered an increase of $16.27 (+1.5%) and reached a level similar to the one it had reached at the end of March. Meanwhile, The Stock Market gained $7.39 (+0.7%) in the previous five days. Despite this, failed to overcome bluewhich marked its ninth round in a row above the MEP.

The economic agenda of recent days was marked by the president’s speech Javier Milei, who announced a fiscal surplus equivalent to 0.2% of GDP in it first quarter of 2023 as a consequence of a fierce cuts in public spending and the weight value liquefaction. Furthermore, he ratified his commitment to eliminate the deficit to combat rampant inflation.

The economic context for financial dollars

The fiscal surplus that Milei has accumulated for three consecutive months occurs for the first time since 2008, in the midst of the agreement with the International Monetary Fund (IMF) for the renegotiation of a debt close to US$44,000 million.

However, this positive balance was achieved at the cost of the liquefaction of social, retirement and salary policy items, a consequence of the adjustment promoted by the Government after assuming power in December, which generated a historic increase in poverty to 54%. Argentina faces an annualized inflation of 287.9% as of March, although it shows a firm deceleration as a consequence of the recession generated by the crisis and the adjustment.

Also, the Central Bank (BCRA) ordered its second rate cut in April, this time by 10 points and took its monetary policy from 70% to 60%. In this way, the return on fixed terms of small savers continues to fall and varies between 50% and 61%.

Besides, Deputies reached an agreement on the bases billwhich this Monday will be discussed together with the tax package. The majority opinion included the emergency declaration energy, economic and financial for one year; the labour reform; privatizations; public debt consolidation and the incentive regime for “Large Investments”.

How much is the official dollar trading at today, Monday, April 29

In the official exchange market, the wholesale dollar advance $1.50 to $876.50. Last week, The wholesale exchange rate registered its lowest weekly increase of the year.

How much the future dollar trades at today, Monday, April 29

The future dollar for the end of April drops 0.6% to $877.5; For the end of May it falls 0.2% to $906, while for June it falls 0.2% to $938. By the end of the year, meanwhile, the price fell 0.5% to $1,240.

How much is the blue dollar sold for today, Monday, April 29

He Dolar blue operates in $1,025 for the buys already $1,055 for the saleaccording to a survey of Ambit in the caves of the City.

Price of the card dollar today, Monday, April 29

He dollar card or touristand the dollar savings (either solidary) reaches the $1,432.80.

Quote of the crypto dollar today, Monday, April 29

He crypto dollar or Bitcoin dollar operates at $1,071according to Bitso.

Source: Ambito

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