The government closely monitors the blue dollar quotewhich this Thursday was up $2 and closed at $377 after a couple of days with no changes.
New in development
In February, the dollar lost the race against inflation: what is the Central’s strategy?
The blue dollar is trading at $377.
The Central Bank managed to reverse the selling trend on the foreign exchange market on Thursday and closed with purchases of 4 million dollars. In addition to dealing with the dripping of reserves, the institution tries to calibrate the daily rate of devaluation to prevent the exchange rate from being “behind” the rise in prices.
For me yes. The organization headed by Miguel Pesce tries to calibrate the interest rate for deposits in pesos, the increase in the dollar with the increase in prices. But in February Central “let it run” the price of the US currency a little behind the rest of the economy’s prices, which most City advisers estimate have risen close to 6% a month. Specifically, the Central authorized a 5.4% hike in the 28 days of last month, so it would have lagged behind the month’s inflation. Read more here.
A $400 million loan is approved to improve the nutrition of 2.4 million families
The Central American Bank for Economic Integration (CABEI) announced today that it has approved 400 million dollars to benefit approximately 2.4 million Argentine families in vulnerable situations.
“With the aim of providing food assistance to people in situations of social vulnerability in Argentina, including girls and boys, adolescents, pregnant women and people with disabilities, CABEI has approved 400 million dollars to finance the Argentina Plan against Hunger ( PACH),” the entity said in a statement. Read more here.
Source: Clarin
