Annabella quiroga
10/27/2020 12:00
Clarín.com
Economy
Updated 10/27/2020 12:11 PM
The blue dollar continues the decline that began after almost touching $ 200 last Friday.
While on Monday it fell from $ 195 to $ 190, this Tuesday
it is already selling for $ 183
in some caves.
The
increased controls
put a brake.
Last week he had had an escalation of 17 pesos.
In the city of Buenos Aires they mark that
the Government came out to cool the market
through multiple calls, greater controls and direct interventions
.
Added to this is the expectation for the issuance of the bond tied to the dollar, and the letter from Cristina Kirchner calling for unity.
On Monday, alternative dollars started on the rise and the government went out to lower them by selling bonds.
This Tuesday, the cash with liqui, the operation that allows to extract foreign currency from the country operating with local bonds,
rises 2.1%, to $ 168.54
.
Last week it had reached $ 181 in a small market, fueled by uncertainty and extreme volatility.
The same happens with the MEP or Stock Exchange dollar, the transaction to buy foreign currency in the country, which advances 1.7%, to $ 159.87.
In the previous wheels, the resource of going out to "burst" public titles was kept for the closing of the wheel, to achieve a marked drop at the end that would lower the temperature.
But on Monday the government intervened just after the opening.
On Friday from the National Securities Commission (CNV) they went out to ask the
brokerage
agencies to
refrain from operating
in the cash market with liquid.
This caused it to deflate and drop 13 pesos from 181, the record it had hit on Thursday.
On the blue side, in the middle of last week there were various operations in caves to stop the rise.
The effect lasted only a few hours: on Friday it jumped 5 pesos and
was on the verge of $ 200.
With the fall of the blue the exchange gap was reduced.
Last week it had touched 150% and now - with the blue at 183 - it falls to 133%.
In recent days, the rise in alternative dollars left the market without prices and the paralysis began to spread in the economy.
The wholesale dollar, which is operated by banks and companies, rises 5 cents to $ 78.30.
To reverse the uncertainty, Minister Martín Guzmán is preparing this Tuesday an issue of bonds in pesos tied to the official dollar price plus an interest rate.
With this, it seeks to lower devaluation expectations and at the same time offer alternatives in pesos that attract investors and
take pressure off the exchange market.
NE
Look also
Lower the dollar, decompress maturities and moderate issuance: objectives of Guzmán's new bonds
Guzmán seeks pesos: this year 94% of the deficit was financed by the Central Bank
