In the wholesale segment, the US currency starts the wheel at $ 71.78, always under the watchful eye of the Central Bank (BCRA)
The blue dollar rose again this Tuesday and was at $ 133 for sale, while the Central Bank raised the selling position in the Electronic Open Market (MAE) where large companies and banks operate by six cents, to 71.78 pesos per unit in the amount of 50 million dollars.
This occurs in the midst of restrictions on buying the $ 200 for savings imposed by the Central Bank and while the Government continued advancing in the negotiations to close the debt swap with private creditors.
In addition, investors look closely at stock quotes They try to be contained with the latest restrictions imposed by the National Securities Commission (CNV).
The dollar counted with liquidation it is offered at $ 116.03.
For his part, the Dollar Exchange, or MEP, is located around $ 114.27.
As noted above, the Dolar blue It is listed at $ 133 in caves in the downtown area of Buenos Aires.
In turn, in the wholesale segment, the US currency starts the round at $ 71.78, always under the watchful eye of the Central Bank (BCRA).
In the official retail market, the North American currency operates at an average of $ 75.67 in agencies and banks in the city of Buenos Aires, so the tourist dollar, which is calculated with the surcharge of 30% of the COUNTRY tax, it sells for $ 98.36.
According to the usual survey that the central bank Among the main financial entities that operate in the City, the sale prices are as follows:
– Galicia: $ 76.25
– Nation: $ 75.50
– ICBC: $ 75.20
– Supervielle: $ 75.50
– Santander: $ 75.50
– HSBC: $ 75.50
– Itaú: $ 75.60
He Dolar blue, It is located at $ 133, it does not have an official price, but its value comes out of the average price at unofficial exchange places.
He exchange clamp, a measure implemented to control the price of the currency and take care of the Central Bank’s reserves, reactivated parallel market operations, where users seek to avoid the cap of $ 200 per month for savings.
For his part, the country risk of Argentina It is located at 2,312 basis points.
Is the exchange clamp relaxed?
In front of more than 5000 listeners connected by Internet, President Alberto Fernández answered concerns from various businessmen about the country’s macroeconomic conditions and the investment climate.
In dialogue with the associates of the Council of the Americas, which brings together hundreds of US-capital companies with interests in the country, Fernández reiterated that the exchange offer presented to the bondholders is the last effort that the Government can make to reach a agreement.
On the other hand, he referred to the dollar, and admitted that the restrictions imposed on the foreign exchange market by Mauricio Macri’s management to curb the sharp flight of foreign currency after his defeat in the PASO It is an issue pending review in the short term.
“Today we have exchange restrictions that the previous government put in place to sustain the level of reserves that were being lost, and so far we have not been able to resolve due to the arrival of the pandemic,” said the head of state.
“I hope that soon we can be regularizing the exchange rate issue, but this is not the time to have the economy so hurt,” insisted the President.
The president’s reflections occurred when businessmen asked him what differential incentives Argentina could offer compared to other markets in the region.
Fernández acknowledged that countries such as Paraguay or Peru have “greater economic freedoms” that Argentina cannot guarantee today, although he replied that the country “offers many alternatives” as it is a more populous market with higher per capita consumption.
Talking to bondholdersFernández insisted that the Argentine offer includes “a development model that does not delay more people” and asserted that “it is impossible to ask for a further effort from a country with 40% poverty.”
The president also reiterated that his administration does not see the negotiations as a dispute and on more than one occasion asked creditors for good sense, according to El Cronista.
“I am not here to fight with anyone, nor to argue with anyone. We are to try to solve a problem in sensible terms. We have made a great effort and we continue to discuss the debt even when the pandemic continues to hit us. We need everyone’s understanding,” he insisted. .
The President also reiterated that the Government will not assign the Collective Actions Clauses (CAC) as the creditors intend for the bonds issued during the administration of former president Mauricio Macri.
Fernández assured that “we do not want to alter the rules that the world has imposed to settle sovereign debts,” and interpreted that “it cannot be that we change on the fly when the rules are written and to be complied with.”
Among other things, the President tried to condemn a bit the expressions that he received so much criticism from businessmen and opinion leaders for disbelieving the validity of economic plans, and for that reason he improvised a more theoretical than practical path on the direction that his Administration will adopt as soon as the coronavirus pandemic is mitigated.
“The plans they have had in the last year have been failures,” he weighed. Argentina has a debt problem, so we have to get out of debt and accumulate reserves to be able to pay. For that we must export, because there is no other way that dollars enter. We must have a competitive currency, a price of the dollar that allows us to enter the world, and if we do all that, we must guarantee a trade surplus. There is an ultimate goal: that the fiscal balance is sustained“
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