While the Central Bank has already sold more than US$1.3 billion this month and accumulates a red of more than US$2.2 billion, the
blue dollar closed this Monday at $386 for sale.
LIVENews in Development
The blue jumps $4 and reaches $390
The blue dollar jumped $4 this Tuesday shortly after the start of the day and is trading at $386 for purchase and $390 for sale.
The blue dollar opens unchanged at $386
The US currency in the informal market opened unchanged this Tuesday and is trading at $382 for buy and $386 for sale.
With $14.976 million soybeans, the Government will assist farmers to ensure the supply of meat
Cows wait in a pen to be transferred to a refrigerator.
The Ministry of Economy of the Nation formalized the creation of the Argentine Productive Strengthening Program to assist producers who enter and keep fattening cattle in pens for a minimum period of 120 days and who send them to slaughter for the domestic market within a period of no more than 30 days.
With the measure, the national government intends to ensure the supply of beef for local consumption and contribute to the mitigation of the increase in food costs in the sector in the midst of a context of deep crisis as a result of the drought that has left without grass, nor fodder, nor reserves to winterers.
In accordance with Resolution 321/2023 published today in the Official Gazette, the program will allocate up to $14,976,000,000 to cover the benefits and will have a total attendance quota of 720,000 heads that will be divided into four partial quotas of 180,000 animals throughout throughout the term of the call.
Read more here.
The official dollar rises 50 cents
The official dollar rose 50 cents at the beginning of the day on Tuesday and is trading at $203 for purchase and $211.50 for sale at Banco Nación.
Carlos Heller in the midst of exchange rate split rumors: "It would make it worse"
Carlos Heller with Sergio Massa in Deputies.
The representative of the Frente de Todos questioned the possible exchange rate unfolding in the face of the fall in Central Bank reserves, warning that "it would be getting worse."
"The exchange rate split would not make any sense, it would be getting worse," Heller said in an interview on Radio con Vos.
The Government, once again, seeks to run the axis when inflation rises
The problems in the Edesur power line -which mortified thousands of homes in the recent heat wave- once again serve the Government to find the culprits for its stumbling blocks.
Sergio Massa was silent in the face of the inflation data for February (6.6%), but on Monday he made a presentation in which he pretended to be energetic in the face of power cuts.
It is the third time that the Executive Branch resorts to a ruse to install certain issues in public opinion.
Since he can't find words to justify the high inflation, the move of demonizing a privatization concessionaire, foreign if possible, is becoming commonplace.
Read more here.
Catastrophe in the provinces: the drought was the coup de grace for agricultural production and the outlook is bleak
A producer in the middle of a field planted with wheat in Navarro, in the province of Buenos Aires.
Three consecutive years of scarce rainfall, untimely frosts and successive heat waves devastated agricultural production in a large part of the Argentine territory.
Lost crops and pastures, hundreds of thousands of dead animals, herds with poor body condition and dry water courses, constitute the postcards of
a disastrous campaign that will leave enormous losses
for the producers and for the country.
To find out about the situation in the different provinces, Clarín Rural spoke with leaders of the Argentine Rural Society (SRA) who met at the Rosario Stock Exchange, where they presented Governor Omar Perotti, legislators, authorities and businessmen, a report on losses due to drought in Santa Fe, the most affected province in Argentina.
Read more here.
Juan Manuel Barca
Due to the drought, collection fell and the primary deficit was $228,000 million in February
The drought once again impacted the public accounts and
in February a primary deficit of $228,000 million was registered
It is an increase of 200% in relation to last year due to the collapse of the collection for export rights.
In this way, the public sector was on the verge of failing to meet the fiscal goal for the first quarter agreed with the IMF.
In January, the Treasury had registered a red of $204,000 million, the worst start to the year in the last decade due to the fall in income from export withholdings and an increase in energy subsidies.
With the February result, the accumulated primary deficit totaled $432,000 million, very close to the ceiling of $441,000 million forecast until March.
The blue dollar set a new record for its closing on Monday: $386
US currency in the parallel market rose three pesos
In this way, it equaled its last highest mark, registered on January 27, when it also ended at $386.
The official dollar ended this Monday on the Banco Nación blackboard at $211 for sale and $203 for purchase, with an increase of $1 compared to the previous closing.