The march of the blue dollar does not stop.
To such an extent that in this wheel he jumped two pesos and
reached $385 to catch up with the Qatar dollar
.
With this, the gap against the official exchange rate stretches to 107%.
Thus, the blue and the Qatar dollar, the price for those who spend the equivalent of more than US$300 abroad in a month, become
the most expensive on the market.
The Qatar dollar is made up of the retail dollar price -today at $193- plus the 30% PAIS tax, the 45% advance on Earnings and the 25% advance on Personal Assets.
With this tie, the rise of the blue should find a first ceiling.
The reason is that it is no longer attractive for tourists to travel with the tickets, as was the case a month ago, when the difference between the two prices exceeded 30 pesos.
With limited demand, the fuel for the increase in informality comes from the supply side, with fewer tourists selling dollars in the caves because now it is more convenient for them to use the card, which allows them to pay at the value of the MEP dollar.
But
the blue also rises in the heat of inflation
, which is shaping up to end the month at 6% and creates uncertainty about what will happen in the coming months.
At the same time as the blue almost doubles the rate of price increases, it feeds back the inflationary escalation.
Raised the cash with liquid
The MEP, which at mid-round had reached $356, ended at
$352.2
, barely 0.1% higher than Wednesday's price.
While cash with liquidity, the way that allows the country to withdraw foreign currency, rose 0.9% and closed at
$369.3.
So far this year, the blue rose 11% and financial dollars advanced 7.3%.
The informal had a jump of 39 pesos when three wheels are missing for the end of the month.
Minister Sergio Massa's decision last week to buy back US$1 billion of debt had little impact on country risk.
With
1,837 basis points, it fell just 2.5%
since the day of the announcement
, although it rose 0.2% in this wheel.
Thus, the expected effect on alternative dollars did not occur.
Cash with liquid rose seven pesos from January 17 and reached its historical record.
The same is true of the blue dollar: it is trading at the highest nominal value, although it is far from the "overshoot" of October 2020. The $195 it reached at that time is equivalent to
$630 today
, according to the calculation of the economist Salvador Vitelli, from Romano Group,
And although the blue is close to $400,
it is also far from the prophecy of the Buenos Aires legislator Roberto García Moritán.
"Argentina's nominality renders any apocalyptic forecast on financial variables obsolete. The famous projection of the "dollar at $400" of July 2021
today would be equivalent to $928 at constant prices.
In the meantime, accumulated inflation was 132%", said economist Nery Persichini of GMA Capital.
The Central Bank had another round of losses.
This Thursday it sold
US$45 million
and thus the balance that in mid-January had become positive at US$285 million is now negative at US$48 million.
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