10/26/2020 11:16 AM
Updated 10/26/2020 11:16 AM
At the opening of the market on Monday, the blue dollar remains at
, the price it had reached last Friday, after an increase of 17 pesos in a week.
blue-chip started with a rise of 4.1%
that leads to $ 175.7.
While the MEP dollar, which allows you to buy foreign currency through the Buenos Aires stock market, opened at $ 159, an increase of 2.5%.
In the city of Buenos Aires they are waiting for the Government to once again use the resources it used at the end of last week to stop the escalation of financial dollars.
On Friday from the National Securities Commission (CNV) they went out to ask the
refrain from operating
in the cash market with liquid (CCL), the operation that allows foreign currency to be withdrawn from the country through transactions with bonds.
This caused the CCL to deflate and drop 13 pesos from 181, the record it had hit on Thursday.
On the blue side, in the middle of the 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 exchange gap already at 150%, the rise in alternative dollars leaves the market without prices and the paralysis begins to spread in the economy.
To reverse the uncertainty, Minister Martín Guzmán is preparing for tomorrow 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.
This Monday, the wholesale dollar opened with a rise of six cents, which takes it to
In the retail market, the opening reaches
This places the savings dollar, with taxes and surcharges included, at $ 138.20.
For its part, country risk, the JP Morgan indicator that measures the over-cost that Argentina would have to pay if it could issue debt, opened unchanged at 1,425 basis points.
How much a 100% dollar gap can hold and how many times it happened in Argentina
In another attempt to lower the exchange rate pressure, the Government issues another round of bonds tied to the dollar