“The Government has full interest in closing an agreement as quickly as possible (…) It is necessary to obtain all the international consensus that is necessary to be able to have an agreement between both parties (Government-IMF),” the Minister of Economy recently affirmed , Martín Guzmán, in an interview with a Spanish newspaper.
The market also expects signs of a delayed “multi-year” economic plan in the face of exchange pressure, lack of reserves in the central bank (BCRA), annualized inflation above 50% and a complex fiscal deficit, in the context of a growing third wave of the COVID-19 pandemic.
Central Bank and official dollar
The The wholesale dollar, meanwhile, rose nine cents to $ 103.12 under the constant regulation of the BCRA. “Today’s adjustment was higher than that of last Monday, a figure that may anticipate a higher weekly correction than in the immediately preceding period,” said analyst Gustavo Quintana on Monday’s wheel.
The official activity alternated sales and purchases in the wholesale segment and was at the end with a net of purchases for US $ 5 million.
The monetary authority had culminated in 2021 with purchases for almost $ 5 billion. In December, it had a selling balance of US $ 460 million. In addition, at the closing of future operations, the BCRA obtained a profit of 11,000 million in December and 30,000 million accumulated in the year.
For Quintana, “after the strong sales last Thursday made by the monetary authority, it was able to end the first day of operations in January with a favorable balance that, although small, was the result of another scenario in the wholesale segment.”
The dollars of the agro-export complex should increase as of January, which in the official view, will serve to reduce the tension in the market, with less loss of reserves in a somewhat complex first quarter.
In the official segment, the dollar today rose 19 cents this Monday, January 3, 2022, to $ 108.48 -without taxes-, according to the average in the main banks of the financial system. In turn, the retail value of the currency at Banco Nación advanced 25 cents to $ 108.
The savings dollar or solidarity dollar -which includes 30% of the PAÍS tax, and a 35% on account of the Income Tax- rose 31 cents to $ 178.99.
blue dollar
The Blue dollar bounces 50 cents to $ 206.50 this Tuesday, January 4, 2022 and becomes the most expensive on the market again, after falling $ 2 in the previous round, according to a survey of Scope in the Black Market of Currencies. In this way, the gap with the official is above 100%, a level considered difficult for analysts to sustain.
In this way, in the first two days of the year it accumulates a decrease of $ 1.50. While, in all of 2021, it had an increase of 25.3% ($ 42), almost half with respect to the inflation of the period.
After touching a floor of $ 139 in April, the price of the blue began to show an upward trend, although with oscillations. The largest increases for the year were verified in July (+ $ 12.50 or 7.4%) and June (+ $ 11 or 7%). Likewise, the highest gap in 2021 with respect to the official one was noted on October 11, when it reached 106.1%.
Source From: Ambito
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