Updated 10/20/2020 11:30
This Tuesday, the blue dollar opened at $ 181, amid expectations due to the impact that the new measures ordered by the Government will have on the exchange market.
On Monday, the informal dollar
had risen three pesos
, to hit what so far is a new record for this market.
The announcements made by the economic portfolio led by Martín Guzmán aim to make cash operations more flexible with liquid, which is accessed by buying bonds in the local market that are then sold in dollars on Wall Street.
After the exchange stocks, a parking lot of 15 days was established between the moment the bond is bought in pesos and it is sold in dollars.
In such a volatile market, that waiting period was an eternity.
the parking was reduced to three days.
In addition, the restriction that prevented "non-resident" investors from operating in this market was lifted.
This gives an exit door to those bondholders who want to leave their positions in Argentina.
It was also announced that in November
an auction for US $ 750 million will be held,
aimed at funds that had entered the country in recent years and were positioned in bonds in pesos, pressing to exit.
With this package,
the Government seeks to lower the pressure on the market
, which since the announcement of the tightening of the stocks took the gap from 77% to 132%.
Against this background,
the cash with liquid started down
: it yields 1% at the opening and reaches $ 163. Last Friday it had touched $ 172. For its part, the MEP dollar, which allows you to get foreign currency by operating on the stock market Buenos Aires, falls 0.1%, to $ 153.
In the official segment,
the wholesale dollar is trading at $ 77.66,
eight cents above the previous close, while the retail one is at $ 83.21, which brings the savings dollar to $ 137.10.
For its part, the country risk, the JP Morgan indicator that measures the excess rate that Argentina should pay if it wanted or could borrow, reaches
1,424 basis points,
a drop of 0.8%.
Dollar blue: the seven reasons why you cannot find a ceiling
Martín Guzmán announced new exchange measures to lower pressure on the free dollar