In another day of nervousness in the exchange market, the blue dollar went bankrupt this Friday, October 16 a new record and climbed to $ 178, when registering a rise of seven pesos in a single day, with what the gap with the officer stood at 130%.
The only positive data was that the Central Bank managed to pocket US $ 30 million and, in this way, the entity’s international reserves reached US $ 40,786 million, according to official information. Throughout the week, the monetary authority had a loss of reserves of US $ 248 million, That rises to $ 593 million if you count every day in October.
The saving dollar traded at $ 76.99 buyer and $ 83.20 seller, 20 cents more than the previous day, so if the PAIS tax surcharges and the 35% tax are applied, it reached the historical value of $ 137.29. The dollar that is traded in caves in the downtown area registered in just two days an increase of $ 11 and that figure rises to $ 33 in the last month, while the year climbed 145% and the official climbed 31%.
Despite the high voltage scenario in which the day took place, operators indicated that there was a slight increase in private supply, and that allowed the Central Bank to pocket around US $ 30 million, a lower figure, but which at least allowed it not to continue losing reserves.
To such an extent fear was felt in the square, that various national officials came out to try to calm the spirits of the operators and the general population who closely followed the evolution of the North American currency.
By participating in the IDEA Colloquium, the Minister of Economy, Martín GuzmánHe denied that the government thinks of a devaluation and affirmed that the alternative values of the dollar “do not reflect what is happening in the Argentine economy”, although he acknowledged being concerned about “what they do about expectations.” Then he pointed out that the Government will apply a relaxation in the restrictions applied on the variations of the stock market dollars.
The minister’s statements had an impact on the financial market and it generated a fall in the values of the Cash Cash with Settlement that had reached over $ 172 to close at $ 167.93, bringing the gap with the wholesaler to 116.6%. The same happened with the MEP dollar or Stock Market that slowed down the trend and traded at $ 155.79, reaching an advance close to 9% in the week.
In the wholesale market, eThe dollar traded with maximums of $ 77.57 and minimums of $ 77.52, while the volume of business was US $ 227.2 million.
“Private supply improved in the second tranche of the wheel, allowing the monetary authority to redo the initial losses,” said analyst and exchange trader Gustavo Quintana. He added that “the North American currency operated with a mixed path, alternating initial increases that were corrected by official sales.”
To decompress the pressure on the dollar, The Central Bank raised the fixed-term rate from 33.06% to 34% on Thursday for placements of less than one million pesos.