With the central bank following currency purchases with a magnifying glass, the blue dollar this Friday, August 14, registered a drop of one peso and closed at $ 132, while the “tourist“, with a 30% surcharge, had a slight cut of two cents for the first time in ten days and ended the week at $ 100.61.
The monetary authority watch with concern that so far this year the number of savers who acquire dollars was multiplied by eight, to such an extent that it would have suggested suspending for a time the possibility of buying savings dollars, which was rejected by President Alberto Fernández.
Strong repercussion had in this context a column published in the newspaper Clarion entitled “A survey by the Central Bank to eliminate the saving dollar” in which it was argued that it was seeking “to close the exchange rate as much as possible to stop the continuous and dangerous drain on reserves.” The column commented that the head of the agency Miguel Ángel Pesce had launched the proposal at board meetings.
The note signed by the journalist Marcelo bonelli affirms that the initiative would not have found a place in the financial-economic agenda of these days after the brake placed by Alberto Fernández himself and Minister Martín Guzmán.
This is how the dollar ended this week
However, reserved sources linked to the BCRA indicated that there was neither the meetings nor the secret report nor was the subject discussed in the Directory.
In July 4 million savers used the monthly quota of US $ 200 with the 30% surcharge of the PAIS tax to seek a greater refuge for their savings.For August, market data indicate that demand continues to rise, with peaks of 20% increase in the first week of the month, while in July US $ 875 million went through this route, so the Central cannot rebuild reserves.
In the “caves“from downtown Buenos Aires, the North American ticket had traded with marked drops between Monday and Tuesday, which closed the week with a growth of $ 2. In the wholesale segment, the dollar added five cents and stood at $ 73.16 per unit, with a turnover of $ 204.9 million.
Compared to last Friday, the North American currency accumulated a rise of 39 cents, the lowest variation since the second week of July.
Country risk: the upward trend strengthens
Regarding stock prices, the counted with clearance, which arises from the purchase and sale of bonds or stocks in order to obtain dollars and deposit them outside the country, fell 2.8% to $ 126.63, bringing the gap with the wholesaler to 67.40% . The MEP or Stock Exchange dollar, a similar operation to that of the CCL but within the country, fell 2.3% to $ 122.47, with which the gap with the official reached 73.1%. Compared to the parallel dollar, the gap with the wholesaler stood at 81.8%, after reaching a level of 95% at the end of July, and reaching a maximum of 104% in mid-May.
After the agreement between the Government and the bondholders, the different variations in the exchange rate began to trade downwards, but the trend was short-lived and they recovered lost ground. From the Central continue to monitor the evolution of dollar retail sales, because they are registering record volumes.
While each person you can buy u $ s 200 per monthThe truth is that more and more savers are seeking refuge in the North American currency. In June of last year, about 1.5 million people were buying dollars in the retail market and that figure rose to 3.3 million in the same month this year and climbed to 4 million in July.
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