He The MEP dollar operates higher this Tuesday, crossing the $1,040 barrier and is above the blue for the first time in seven days. For its part, Cash with Settlement (CCL) also increases and is close to $1,100in the midst of the approval of the Bases Law in the Chamber of Deputies.
Prior to the opening of the market, was generally approved Base Law, the great objective of the Government. Likewise, also several of the chapters received the approval of Deputies that were discussed in a particular way, among which are the privatizations of public companies and labor reform.
Yesterday, the Minister of Economy, Luis Caputodeclared on Monday before the Mediterranean Foundation that his team does not have a target real exchange ratebut assured that it will be more appreciated, mainly explained by the twin surpluses.
However, he indicated that crop clearance may not be as good as expected due to “speculative factors”, which could indicate some discontent in the field regarding the level of appreciation. As for the stocksindicated that there is still “a lack” to be able to eliminate it, despite the good work that has been done in the accumulation of reserves.
The minister confirmed the start of talks with the International Monetary Fund (IMF) for a new program, while denying going into international markets to take on debt.
The economic context for financial dollars
Last week the president Javier Milei announced a fiscal surplus equivalent to 0.2% of GDP in it first quarter of 2023 as a consequence of the liquefaction of social, retirement and salary policy items.
In this deeply recessive framework, 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%.
How much is the official dollar trading at today, Tuesday, April 30
In the official exchange market, the wholesale dollar advance $0.50 to $877.
How much does the future dollar trade at today, Tuesday, April 30
The future dollar for the end of May falls 0.3% to $903, while for June it fell 0.5% to $930. By the end of the year, meanwhile, the price fell 1.1% to $1,220.
How much does the blue dollar sell for today? Tuesday April 30
He Dolar blue quotes at $1,010 for the buys already $1,040 for the saleaccording to a survey of Ambit in the caves of the City.
Card dollar price today, Tuesday April 30
He dollar card or touristand the dollar savings (either solidary) reaches the $1,433.60.
Quote of the crypto dollar today, Tuesday, April 30
He crypto dollar or Bitcoin dollar operates at $1,071.00according to Bitso.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
