Annabella quiroga
08/21/2020 - 14:55
- Clarín.com
- Economy
- Economy
This Friday thedollar blue took a new leap and climbed to $ 138. This week it increased six pesos , amid the uncertainty of the market due to the new provisions of the Central Bank and the growing demand from savers who put pressure on the official exchange rate with purchases of the US $ 200 per month.
The cash with liqui (CCL), the operation used to extract foreign currency from the country, rises again in the last round of the week. After noon it marks a new record and touches $ 134, an increase of 0.9% compared to yesterday's level. In this way it accumulates an increase of 8% so far this month.
Something similar happens with the MEP dollar, which allows you to buy dollars through the stock market, which also rises 0.6% this Friday and reaches $ 130.19, a monthly increase of 6.5%.
So far this month the cash with liqui rose 7%.
Thus, the free dollars win by much to the route of the official dollar, which closes the week at $ 73.58 at the wholesale level, an increase of 1.7% so far in August. At the same monthly rate, the retailer, which is trading today on the Central average , rose to $ 77.77, two cents above yesterday's close. Thus, the solidarity dollar , with the PAIS tax of 30%, goes to $ 101.10 .
The country risk , JP Morgan indicator that measures changes in the cost of credit for Argentina, 0.7% lower Friday and is located at 2144 points basis. This index was rebounding throughout the week, so that it returned to the levels it had in the days before the debt agreement was announced.
In the city of Buenos Aires, the Merval rises 1.7% . The same occurs with Argentine stocks listed on Wall Street, which today tend to rise after marked falls so far this month.
The market moves to the rhythm of the debt negotiation and after the agreement with the external creditors it is now pending how the talks with the Monetary Fund evolve.
The other central issue is exchange rate policy, marked in recent weeks by rumors that the Government is evaluating closing the tap for the sale of US $ 200 per person at the official exchange rate, hampered by the drain on reserves that led to the Central to lose more than $ 600 million so far in August.
Last weekend from the Ministry of Economy they assured that there would be no changes regarding the quota, but statements by President Alberto Fernández and some of his referents in the economic area, such as the Deputy Chief of Staff, Cecilia Todesca, installed the idea that the subject is not completely closed.
Between yesterday and today two other versions were added that fueled speculation. The first was that, as Clarín published , the Central could convert at least part of the financial swap with China into dollars to strengthen reserves in this way. This agreement implies a sum close to US $ 19,000 million , which alone represents 45% of the total reserves that the body chaired by Miguel Pesce has.
The other version is that it would seek to reward savers who keep their dollars deposited in banks to stimulate these operations, which indirectly reinforce reserves.
AQ