In that sense, Those who bought US currency on Thursday spent almost 5% more than they would have if they chose to buy on Friday, or even this Monday.
In monetary terms, those who bought $200 at $223 shelled out $44,600, when they could have shelled out $42,500 if they waited a few hours. That is, they lost more than $2.000 in a day.
Likewise, those who acquired $500 at $223 had to leave about $111,500 in the caves, $5.250 more compared to what they would have had to leave after the words of Fernández and the Minister of Economy, Martín Guzmán. Along the same lines, those who bought $1,000 lost $10.500.
The agreement with the Fund brought some calm to the local financial markets. Not only the blue fell, but the CCL dollar and the MEP also accumulate a drop close to $10 in the last two days.
The president of the Central Bank (BCRA), Miguel Pesce, denied that there will be a devaluation jump as part of the commitments assumed by the country, something that was also ratified by Guzmán.
The Government intends to add some US$5 billion to reserves this year and for the value of the dollar to be compatible with that level. However, it remains to be seen the details of the letter of intent to know how it is planned to accumulate that amount of foreign currency, which sounds like a great challenge in a context of high exchange rate gap between the parallel and the official, and commodity prices lower than those of 2021.
Source: Ambito
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