After a month, the blue dollar returned to chain two days of consecutive losses.
On Tuesday it had closed at $495 and the alarms went off.
From there it began a downward path closing Wednesday at $474 and yesterday at $467.
The reserves of the Central Bank fell US$ 249 million.
There were import payments of US$40 million and the monetary authority assisted with US$79 million in the exchange market, continuing its intervention buying dollars to keep financial dollars at bay, which also closed lower - the MEP at $442, 23 and the CCL at $457.29-.
The price of these exchange rates results from the quotient between the price of bonds in pesos and in dollars.
The Anses Sustainability Guarantee Fund intervenes by selling bonds in pesos, which lowers the price of the securities.
And the Central Bank buys the bonds in dollars, which increases their price.
The result is that exchange rates fall.
This maneuver turned out Wednesday and Thursday.
The bad news of this maneuver is that the net reserves that the Central Bank has to intervene are scarce.
They are estimated at less than US$2 billion.
The Government reaches the last day of the week having reacted to the escalation of the blue dollar.
It had risen in twelve consecutive days.
In addition to the intervention via Anses and BCRA in financial dollars, the Government implemented other measures: -they sold future dollar contracts for before the PASO, -it intervened in the parallel dollar, -increased the interest rate of the instruments it places the Finance Secretary.
On Wednesday he went out to validate higher rates, with an effective annual yield of up to 135.5% and achieved a renewal for 119% of what was bid.
-increased the monetary policy interest rate by one thousand basis points.
The rate will go from the current 81% to 91%, an increase of ten percentage points.
The effective annual rate, which was at 119.4%, rises to close to 141 percent.
-The Ministry of Economy mentioned that it is negotiating with the IMF.
Today, technicians from the economic team arrived in Washington to study the alternatives to making the program's goals more flexible.
According to the Central Bank, the monetary authority maintains a positive balance so far in April with US$100 million.
Another of the measures that the Government took was to increase the rate of devaluation of the peso or the increase in the price of the official dollar.
During the week it rose close to the 8% daily monthly average, similar to the inflation expectation for the month according to analysts.
Finally, market specialists pointed out that the soybean dollar contributed close to US$ 76 million.
In the wholesale market, the US currency ended with an increase of 43 cents compared to the previous close, at an average of $222.
Meanwhile, the dollar destined for tourism abroad -and which has a rate of 45%- stood at $399.88, while for purchases over 300 dollars -and which has an additional tax of 25%-, stood at $457.
The volume traded in the spot segment was US$494 million, in the futures sector of the Electronic Open Market (MAE) operations were registered for US$414 million and in the Rofex futures market US$1,663 million.
The leading Merval index of the Buenos Aires Stock Exchange closed the session on Thursday with a decline of 2.62% to 296,808.89 points.
The volume of business in shares reached 4,664.6 million pesos (20.4 million dollars at the exchange rate of the day).
On the main board, the most significant gain was made by the BYMA stock market (1.13%), while the strongest drop was suffered by the BBVA Francés bank (4.68%).
