The government is carefully following the
price of the blue dollar
, the day after the announcement by the Minister of Economy, Sergio Massa, of the repurchase of foreign debt bonds with the aim of calming the markets.
LIVENews in Development
19.01.2023 11:31
11:31
The blue dollar falls $3 at the start of the day and trades at $374
The blue dollar was down $3 at the start of the day and is trading at $370 to buy and $374 to sell.
19.01.2023 11:09
11:09
The warning of the Rural Society to the Government
The president of the Rural Society, Nicolás Pino.
Photo German Garcia Adrasti
The message of the Rural Society to the Government in the midst of the drought: "Do not put more tax pressure on producers who are not able to pay it"
Pino described as a "chaotic situation" what "55% of productive Argentina lives with the dry" and said that despite this "we see that municipalities and governors continue to increase taxes such as real estate, road taxes and travel guides cattle".
Read more here.
19.01.2023 10:07
10:07
The official dollar opens unchanged
The official dollar opened this Thursday without changes and is traded at $181.25 for purchase and $189.25 for sale at Banco Nación.
19.01.2023 09:47
09:47
Gustavo Bazzan
Debt repurchase: doubts about the impact and striking movements in some bonds
Sergio Massa during the announcement of the repurchase of Argentine foreign debt bonds.
Photo: Economy.
Debt repurchase operations are common throughout the world, within the framework of what is understood as “liability management”.
When these types of transactions are made, the usual thing is that whoever announces it is comfortable with liquidity and takes advantage of the opportunity.
It is not, by far, the case of Argentina, which for quite some time has been literally
scratching the bottom of the pot to get foreign currency
.
Let the importers say so, who have to stand in line and wait 180 days to be sold foreign currency at the official price.
The official argument was that the “dollar curve” must be improved.
Translation: make the rates -now stratospheric- that yield the debt bonds in dollars fall, those titles that were issued during the Guzman administration, in an exchange considered "the most successful in history" by the former Minister of Economy himself .
Read more here.
19.01.2023 09:20
09:20
Martín Tetaz against Massa's announcement
19.01.2023 08:30
08:30
Sergio Massa's move to stop the dollar and contain a rebound in inflation
In the midst of renewed tension on the exchange front, the Government came out this Wednesday with a battery of measures that aims to contain the gap and cool inflation expectations, which had a rebound in January, along with the exchange tension.
In this sense, the Minister of Economy, Sergio Massa, announced that he will repurchase debt securities in dollars for up to US$ 1,000 million.
Almost at the same time, the Central Bank reported that it will pay more fees to banks for issuing passes, a measure that aims to remove pesos from circulation and discourage dollarization.
Read more here.
19.01.2023 08:25
08:25
The blue dollar at $377
After closing Tuesday at a new high of $378, the blue dollar ended Wednesday's session down $1 and trading at $373 to buy and $377 to sell.
look also
Debt repurchase: doubts about the impact and striking movements in some bonds
Sergio Massa's move to stop the dollar and contain a rebound in inflation
