The blue dollar was up $1 again this Friday and closed at $379 for the sale. Meanwhile, the official currency rose $0.50 and ended at $195 for sale and $187 for purchase on Banco Nación’s board of directors. Clarin coverage, minute by minute.
New in development
The Central Bank continues with the debt buyback but the lack of reserves limits the strategy
In the latter part of January, the Economy Ministry mandated the Central Bank to exit and buy back Argentine dollar-denominated debt, a measure that has been questioned by both the market and the opposition. Of the $1 billion that would have been earmarked for this purpose, Central spent $374 million in January alone, according to city data. But the lack of net reserves is worrying and could hold back this move.
In the first three rounds this month, Central reportedly bought another $147 million. More than 90% of the transactions focused on the Global 2030 bond, the bond that investors use most to convert cash into liquid. In this way, a total of 500 million dollars would have already been used. To know more.
The blue dollar closed at $379 on Friday
In a day with ups and downs, the blue dollar finally closed Friday at $379 selling and $375 buying, $1 above Thursday’s closing values.
Meanwhile, after rising $0.50 from the previous day’s close, the official dollar closed Friday at $195 for selling and $187 for buying on Banco Nación’s board of directors. It advanced $2.75 for the week.
Source: Clarin
