The government is closely following the price of the blue dollar, which Thursday gave up $3 and closed at $374in the midst of market confusion over Sergio Massa’s announcement of the repurchase of foreign debt securities.
New in development
Confusion about Mass’s move that sacrifices 10% of reserves
One of the maxims of the former Uruguayan president, Julio María Sanguinetti, is that “in a democracy, what you avoid is much more important than what you do”. What did Sergio Massa try to avoid with the repurchase of a small part of the debt?
The provision, just in the week in which truck drivers and protesters attacked supermarkets, was read as an attempt to regain the initiative in a climate of “turmoil” with the rise of blue and its impact on inflation. A shadow on the economy. Read more here.
The blue dollar is down $3 and is trading at $374
The day after the announcement by the Minister of Economy, Sergio Massa, with the aim of calming the markets, the blue dollar lost 3 dollars and closed this Thursday at 370 dollars in the buy and 374 dollars in the sale.
Source: Clarin
