10/30/2020 11:53 AM
Updated 10/30/2020 12:07 PM
The Government is heading to close the first week since August in which it manages to control alternative dollars - from the illegal blue to the MEP and the dollars that are bought with stock exchanges - although the ways it chose to do so are not entirely sustainable in time.
The blue came down day by day.
It fell 20 pesos from $ 195 last Friday to $ 175 on Thursday and this Friday it
falls back to $ 173.
Stock market dollars opened higher throughout the week, and then the government managed to calm them down.
This Friday the same thing happens: the dollar
counted with liqui,
which is obtained by buying bonds and selling them abroad, rises 1.5%, to $ 153.52.
MEP dollar or Stock Market
, the transaction to buy foreign currency in the country,
rises 0.7%, to 145.01.
Last week the CCL had reached $ 181. The Government managed to lower it through communications with the main players so that they refrain from operating and increased controls (the Securities Commission asked the brokerage agencies to inform it minute by minute minute who is operating).
Behind the decline in financial dollars was also the play of official bodies that
sold part of their holdings in bonds
to stop cash with liquid.
The move was effective, but at the same time it pushed the price of these securities down.
With the fall of the blue the exchange gap was reduced.
Last week it had touched 150% and now - with the informal one at $ 173 - it
falls to 120%.
The wholesale dollar, where banks and companies operate, traded at
The retailer finished at $ 83.90 and the savings dollar, taxes and surcharges included, came to
the floor of $ 40 billion of
reserves was drilled
for the first time in nearly four years.
They reached US $ 39,827 million.
So far this month, it gave US $ 1.2 billion.
As explained by the economist Gustavo Ber "at the exchange rate, the BCRA continues without modifying the strategy of validating a gradual slide in the wholesale dollar. It happens that bets would be concentrated on
compressing the gap,
especially through the retraction of financial dollars, and so it is that they have been slackening considerably in the last wheels -beyond the respite of today- from official interventions together with complementary strategies ".
For its part, country risk - the JP Morgan indicator that measures the surcharge that Argentina pays for borrowing in relation to the United States Treasury - rose again and
increased 0.5% to 1,492 basis points.
The five shocks that made the blue dollar drop 20 pesos in a week
Dollars and soybeans: despite the cut in withholdings, the foreign exchange settlement in October was the same as in September