The government closely monitors the blue dollar quotefollowing the announcement by Economy Minister Sergio Massa of the repurchase of foreign debt securities with the aim of calming the markets.
New in development
Martín Tetaz against Massa’s announcement
Sergio Massa’s move to stop the dollar and contain a rebound in inflation
In the midst of renewed tension on the exchange rate front, this Wednesday the Government came out with a battery of measures aimed at containing the gap and cooling inflation expectations, which rebounded in January, together with the tension on exchange rates.
In this sense, the Minister of Economy, Sergio Massa, has announced that he will buy back debt securities in dollars up to 1,000 million dollars. Almost simultaneously, the Central Bank announced that it will pay higher fees to banks for issuing passes, a measure that aims to remove pesos from circulation and discourage dollarization. Read more here.
The blue dollar at $377
After closing Tuesday at a new high of $378, the blue dollar finished Wednesday’s session down $1 and was trading at $373 buying and $377 selling.
Source: Clarin
