On the contrary, the dollar MEP increases 0.2% (41 cents) to $ 198.38, bringing the spread with the wholesale dollar to 93.4%.
Investors’ glances are focused on the slow negotiations with the International Monetary Fund (IMF), bearing in mind that an agreement could bring calm about the gaps and reserves, taking into account that in 2022 Argentina must pay almost US $ 20. 000 million for the debt contracted in 2018.
Last week the country paid about US $ 1,900 million in capital, so the net reserves of the Central Bank (BCRA) were approximately US $ 2,500 million.
Roberto Geretto of Fundcorp, said that the resources “are insufficient to meet the payments that Argentina must make in the first months of 2022, especially with the IMF.” “Hence the need for an agreement before March,” he said.
“Net international reserves will return at the end of the year to near the minimum levels at the end of 2020, despite the commented positive current account balance, the persistence (and tightening) of exchange restrictions and the extraordinary income of SDR (Special Rights of the IMF for about 4,300 million dollars) in September, “said the consulting firm Ecolatina.
Official dollar
The wholesale dollar rises 30 cents to $ 102.60, with the constant regulation of the BCRA, after showing a slowdown in its adjustment rhythm during the past week.
On the last business day, the BCRA held its ninth consecutive day without foreign currency sales, in a context in which the daily volume traded in imports is 20% higher than in November and 35% higher than the daily average for the year.
The monetary authority achieved a net purchase of US $ 41 million in the last 9 wheels, a meager amount but that contrasts with the losses suffered since the beginning of the month (US $ 355 million).
The savings dollar or solidarity dollar -which includes 30% of the COUNTRY tax, and 35% on account of the Income Tax- rises 23 cents to $ 178.
The blue dollar falls 50 cents this Monday to $ 203.50, according to a survey of Scope in the Black Market of Foreign Currency. Therefore, the gap with the official drops to 98.3%.
It should be remembered that the informal reached its highest nominal value last Thursday since November 11, and that during the day it reached an intraday peak of $ 204.50.
With this strong advance, the parallel dollar accumulated a rise of $ 4.50 throughout the short week, the most important since the end of October.
Source From: Ambito
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