It added its seventh consecutive day of gains, fueled by investor fears over the social security referendum.
He dollar rose 0.36% compared to Monday and reached its highest value in two and a half years, at 42.254 pesos, according to the exchange rate. Central Bank of Uruguay (BCU), in the framework of its seventh consecutive day of growth.
In this way, the greenback has accumulated a strong rise of 4.76% so far this month, while the appreciation in the annual accumulation reaches 8.28%. Even to find the exchange rate at a higher point, we have to go back to March 22, 2022, when it closed at 42.322 pesos.
On the reference board of the Republic Bank (BROU), he dollar The retail bill was offered at 41 pesos for purchase and 43.40 pesos for sale. For its part, the preferential value of the eBROU Dollar It was at 41.50 pesos for purchase and 42.90 pesos for sale.
The closing price in the Electronic Stock Exchange of Uruguay (Bevsa) was 42,180 pesos, while the maximum price was 42,300 pesos, and the minimum was 42,180 pesos. A total of 68 transactions were made, with a transaction amount of more than 46.1 million dollars.
Crypto Tether (USDT)1 to 1 parity with the dollarwas quoted today at an average of 45.69 pesos for online purchases with a bank account or card, and from 43.45 pesos to 46.42 pesos in the Binance peer-to-peer (P2P) market.
The threat posed by the PIT-CNT plebiscite
The possible approval of the social security plebiscite that drives the PIT-CNT It has been causing controversy between the government and the opposition, as it is considered one of the factors behind the rise in the dollar.
In fact, the polls do not rule out the possibility that the repeal of the law will take place at the polls. social security reform and that’s why big investors are starting to get rid of the Uruguayan titles.
The eventual Minister of Economy in a government of Frente Amplio, Gabriel Oddone, He admitted that “there is a small movement in the capital market, which is the result of some investors leaving Uruguayan securities”, although he attributed it to “something normal during electoral cycles”, although he tried to downplay the drama.
However, while he urged not to vote the ballot in the elections 2024, From the coalition they questioned the position of the FA and pointed out the importance of not giving leeway on an issue that could also impact other economic factors, in addition to the exchange rate.
The dollar during the previous days
- September 17 — 41,063
- September 18 — 41,307
- September 19 — 41,599
- September 20 — 41,677
- September 23 — 42,104
Source: Ambito
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