05/05/2020 - 12:04
- Clarín.com
- Economy
- Economy
After a timid setback against such an artillery of measures, the alternative dollars were already returning to the field at least in the opening of the session on Tuesday.
The dollar Stock Market or MEP , which allows dollarization via the sale and purchase of securities, rose 2.1% to $ 112.53 , while the cash with settlement , which also allows the currency to be credited to an account abroad, shows a 2.5 % advance to $ 115.40 .
With a 0.1% advance, the wholesale dollar finally reached $ 67 with a rise in the year of almost 12%, while in the informal market, most operations with the blue were agreed around $ 112 just like monday.
By the new provisions of the Central Bank , companies and individuals who want to access the official exchange market must present an affidavit of not having operated with these alternative dollars in the previous 30 days running and promise not to do so in the following days. The same is true for companies that benefited from subsidized loans.
But in addition, on Tuesday it was reported that the body that Miguel Pesce leads wants foreign exchange operators to report all the operations of buying and selling foreign exchange via the stock market from $ 500,000 upwards.
Meanwhile, country risk , which reflects the evolution of foreign law bonds that are under negotiation, fell 2.1% to 3,558 points . A few days ago above the barrier of 4,000 units, the indicator underwent a change in its composition, and when excluding a very high return bond, it led to a fall that is not, in fact, a reflection of better credit conditions.
On Tuesday, a group of creditors from the Province of Buenos Aires, which represents 40% of the eligible debt, reaffirmed their rejection of Axel Kicillof's offer and even accused him of using coercive tactics.
In tune, on Monday three groups of creditors nationwide had already given a thumbs down to the official restructuring offer , which closes on May 8. And later, the government affirmed that it was "disappointed" urging bondholders to present a "specific proposal" to advance the negotiation.
On Tuesday, Economía also called for a new voluntary exchange in the domestic market to be held on Thursday to exchange letters and Treasury bills in dollars for other longer-term securities nominated in Argentine pesos.
As for the actions, the wheel started in a very good mood. On Wall Street, the Dow Jones advanced 1.4%, while in the local market, the Merval added 2.9% with advances of up to 6.4%, as was the case with YPF.