In just under a week, the price of blue soared and he earned nearly $30. The bill lagged behind the rest of the prices in the economy: It was the price that went up the least this year, In the face of inflation which, according to the consensus of the Municipality, will reach 100% by the end of 2022.
The Political crisis and change to a greater extent, they explain the renewed interest of savers in buying US currency in the informal market. Early last week, as all Argentines celebrated the soccer world championship, the blue dollar was trading at $325.
Last Wednesday, after the sentence of the Supreme Court which obliges the National State to return its share of the participation to the City of Buenos Aires, the dollar began to warm up. And on five wheels, the price of blue has already risen by more than 9%.
In the Municipality they agree that the political clamor accelerated an exchange tension which scheduled for early next year. The final adjustments to the exchange rate They have “drained the market” for the supply of dollars and this explains why, in a context of renewed demand, prices rise.
In particular, operators refer to the two measures adopted by Sergio Massa in the last two months to try to reduce the tourism account deficit. On the one hand, the Implementation of the Qatari dollarwhich this Tuesday is trading at $365, and has become a “North” for the rest of the quotes.
And on the other, the launch of the special dollar for foreign tourists. Since the middle of the month, major credit card brands have been withdrawing their dollars from visitors to the country at an exchange rate close to the MEP dollar. This means that many of the expenses have been made in cash, and so on have been channeled through the informal market, Now go to the financial market, subtracting the supply from blue.
With many pesos on the street and little offerit is not surprising that prices rise, even if several operators consulted by clarion They claim that the speed of this update seems nothing short of amazing.
Despite the leap of the blue, financial dollars are “still” and in the market they say it’s because of the official intervention.
note under development
Source: Clarin
