"Cross yourself, hit it."
The President cut off the phone and
Miguel Pesce went from the Central Bank to the Casa Rosada
.
"What is happening?", Alberto Fernández confronted him, when on Monday the blue dollar had already reached $462. The official told him that he works to control it and explained the latest measures.
After that meeting, the President ratified him on Tuesday in his position,
but the tensions did not dissipate and the informal dollar approached $500.
That feeling of vertigo was the signal that forced
Sergio Massa's reaction
and a more forceful intervention from the Central Bank.
In the financial sector, they assure that
Lisandro Cleri
, the minister's man in the entity, had a
key role
this Thursday in the strategy of the money table.
The rumor is that
he used reserves again to contain the financial dollars
(CCL and MEP) and, in this way,
lower the blue to $ 487.
Massa
had already done so in January
when he repurchased bonds in dollars to contain parallel prices.
The result was that
the BCRA ended up getting rid of US$ 500 million in reserves, without achieving its objective
, and the
IMF prohibited the use
of this tool.
Now, in the midst of the exchange crisis unleashed last week, the
minister once again resorted to that measure with the apparent endorsement of the agency.
Massa's reappearance on Twitter was interpreted in the market in that direction.
"We are going to use all the tools of the State to order this situation and in this sense
we notified the IMF of the restrictions that weighed on Argentina and we are going to change
in the rediscussion of the Program," he said on Tuesday.
And, in tune with the President, he blamed "rumors" and "reports" for skyrocketing financial dollars.
The operation in question consists of
buying bonds against dollars and selling those same bonds against pesos
.
But what caught the most attention in the market is Cleri's intervention in the money table.
Those who inhabit the corridors of the entity assure that
it is not something habitual.
Massa's decision thus further limited Pesce's decision-making capacity and the rumors about his future.
note in development
NE