In the midst of an oppressive political and economic crisis, the government is closely following the price of the blue dollar, which
rose $33 on Tuesday to close at $495
for sale in a new frenetic day in the market.
This Wednesday it opened down $5 and is selling for $490.
LIVENews in Development
26.04.2023 11:10
11:10
The blue dollar is down $5 at the open and is trading at $490
The blue dollar fell $5 at the start of the trading session on Wednesday and is trading at $485 for buy and $490 for sale.
26.04.2023 10:44
10:44
Natalia Muscatelli
Economists warn about the risks of a devaluation and its impact on prices
The economists Marina Dal Poggetto, Martin Redrado and Luciano Laspina.
When the dollar was close to $500, the economists Marina Dal Poggetto, Martín Redrado and Luciano Laspina had to stop on Tuesday in front of an auditorium at the Grain Exchange to talk about what was coming.
The initial kick was from Dal Poggetto, director of the EcoGo consultancy: “We need to normalize the economy.
The giant macroeconomic distortions are already there, all sectors are clamoring for measures in a zoo that does not work, ”she described.
Read more here.
26.04.2023 10:10
10:10
The official dollar rises 50 cents at the opening
The official dollar is trading at $227.
The official dollar opened the day this Wednesday with a rise of 50 cents and is now trading at $219 for purchase and $227 for sale at Banco Nación.
26.04.2023 09:37
09:37
Edward van der Kooy
The Government is bleeding trapped by the crisis
Alberto Fernández leaves Government House.
Photo Juano Tesone
There is a line of persevering incoherence in the government of Alberto and Cristina Fernández that explains, to a large extent, the daily worsening of the crisis.
The Minister of Economy Sergio Massa had to make two requests to the International Monetary Fund (IMF) in the last hours to try to stop the financial, economic and political lack of control that Argentina is going through.
In the first place, he requested authorization from the entity for a strong intervention in the market in order to stop the stampede of the dollar that reached $500. Although it ended up closing below that value: $495. Thirty-three pesos above the yesterday.
He also demanded a word that would make his tweet statement about the good progress of the ongoing negotiations credible.
The Fund spoke, enigmatically, of a constructive advance.
Massa realized that, in the midst of the turmoil, his initial message had been devalued.
Read more here.
26.04.2023 09:02
09:02
Ana Clara Pedotti
With the dollar at $495, they warn that it has not yet touched a "panic" price
The blue dollar closed Tuesday at $495. Photo: Orlando Pelichotti
Since Alberto Fernández began his term, the blue dollar has jumped more than 600% in nominal terms.
This Tuesday, the price jumped 7% and accumulates an increase of 25% since the beginning of the month.
The rise in the bill these days is worrying about its speed, although the value reached is
far from the peaks seen at other times of financial stress
.
The president went through at least three moments of high financial uncertainty and runs against the peso.
The first, in the months of October and November 2020, when it reached $195 and led to new adjustments to the exchange rate.
The second, in the debt crisis in pesos, last July, which ended with the departure of Martín Guzmán from the Palacio de Hacienda, the brief essay by Silvina Batakis at the head of the economy and the landing of Sergio Massa, as "super minister".
Read more here.
26.04.2023 08:23
08:23
Gustavo Bazzan
Little government firepower to contain the dollar: what does it have left?
Sergio Massa and Alberto Fernández, in the Quinta de Olivos on another day of maximum tension for the dollar.
Photo Twitter Gabriela Cerruti
The Minister of Economy, Sergio Massa, warned that the portfolio he leads and the Central Bank
will increase intervention on the markets
to appease the skyrocketing of alternative dollars.
The Government has been doing this for months in the stock market, occasionally selling global and bonar bonds with four hands, to appease the price of the Cash With Liquidation dollar, which despite these maneuvers rises 15% in the month.
The set of tools that the Government has at its disposal to face the currency run is very limited.
And the market knows that.
Today gross reserves amount to just over US$36 billion.
But those of free and above all rapid availability are much fewer.
Read more here.
26.04.2023 08:21
08:21
The blue dollar scaled $33 and closed at $495
The US currency in the informal market advanced $33 in the middle of a hectic day in the market and closed at $490 for purchase and $495 for sale.
look also
Little government firepower to contain the dollar: what does it have left?
Rise of the blue dollar: what happens to the prices of used cars
