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Friday, September 30, 2022

Financial dollar strengthens to close at two-month high

In turn, the MEP dollar—with the global 2030-valued— $4.30 or 1.5% increase to $. It happens299,40, Thus, with the official the spread reaches 106,6%.

On the other hand, in the informal market, blue dollar Closed stable at $287 after climbing $10 on Tuesdayaccording to a field survey In the currency black market. The difference with the official dollar falls 96,7%.

The rise in financial exchange rates “reflects monetary expansion pressure resulting from stock purchases, which have added interest on remuneration liabilities following the recent rate hikes,” said Lucas Yache, Head of Strategy and Investments at Libre Capital.

Although the implementation of the soybean dollar achieved the BCRA’s number one priority, which was to accumulate reserves and ease exchange rate tensions in the short term, “The monetary expansionary measure, said the market, generated a surplus of pesos which we understand has put pressure on the CCL. To encourage ‘carry’ and sterilize the said pesos, the BCRA raised the monetary policy rate by 550 basis points. increased of“, he explained to IEB.

hence, Interest-bearing liabilities increased by $500 billion, which, from the perspective of our benchmark for CCL, offset a much larger increase in reserves. Currently, our reference price for the CCL dollar is $344, which makes us believe the market is closer to the bottom than the $305 price above.”He projected.

BCRA bought USD 243 million in the market during the day to accumulate USD 2,781 million in the month. To conduct $200 recognition program for soybean exporters, liquidated 351 million US dollars.

It is worth remembering that this Monday the Monetary Authority ordered that companies selling soybeans through the export enhancement program will no longer be able to access stock dollars—CCL or MEPs—nor the so-called savings dollar purchases. The measure does not include producers selling soybeans, but companies that do.

official dollar

Dollar rose today -without taxes – 32 cents on this Wednesday, September 21 $151.56 FOR SALEAccording to the average coming out of the banks of local financial system. Meanwhile, at the Banco Nacional, the retail note rose by 25 cents to $150.75 — without taxes.

Plus, dollars saved solidarity dollar-includes 30% country tax and 35% deductible Income tax and of personal property– Advanced 53 cents A $250,07.

and tourist dollar or retail card plus country tax, and assumption of deduction of 45% Income tax and of personal property– 56 cents appreciated A $265.23. a) yes, The Gap L blue rose to around $22, the highest level in two weeks.

while eL Dollar Wholesaler, Directly regulated by BCRA, increased by 25 cents One $144.89.

World Nation News Desk
World Nation News Deskhttps://worldnationnews.com/
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