He Dolar blue it ended the month at $375 on sale and $371 for the purchase, which marks a decrease of two pesos from the previous day. Meanwhile, the official raised a peso and closed at $204 on the Banco Nación board.
New in development
Who is the new IMF official who will oversee the program with Argentina
The head of the International Monetary Fund, Kristalina Georgieva, announced on Tuesday the appointment of Rodrigo Valdés, Chile’s former economy minister, as the new director of the Western Hemisphere Department, a key position for the region and for Argentina because it is the official who oversees the program with our country.
Valdés, who was a minister between 2015 and 2017 during the administration of Michelle Bachelet, will take office on May 1 to replace the Brazilian Ilan Goldfajn, who resigned from the IMF last year to run for president of the Inter-American Development Bank ( Bid) ), a position he assumed at the end of the year.
The novelty is known when the approval of a new reserve target for the current program with Argentina is about to be announced in Washington, as part of the fourth revision of the agreement signed last year. A team of Economy officials has been negotiating the details with Fund technicians since last week. To know more.
The Central Bank had to sell $889 million to contain the dollar: it closed the worst February in twenty years
The trickle of reserves that began last month deepened this February and the central bank closed with a negative balance of $889 million, the worst score for the second month of the year in two decades. A combination of factors, including persistent demand and near-minimum supply, explained this selling result, which led to a “re-appeal” from the Fund.
Though the agency was able to reverse its poor performance in its past two rounds this week, it couldn’t quite raise its head: It bought barely $53 million between Monday and Tuesday, owing to proceeds from “private investments specific”. Farm sales were down for two reasons: soybean sales anticipated to enter the “soybean dollar 2” in December and signs of drought are already felt in the countryside. To know more.
The blue dollar closed on Tuesday at $375
The parallel exchange rate finished the month at $375 in sales and $371 in buys. which marks a drop of two pesos from the previous day.
Meanwhile, the official raised a peso and closed at $204 on the Banco Nación board.
Source: Clarin
