The Central Bank has sold 99 million dollars this Friday and ended the month with a loss of 1,918 million dollars. In a year with a negative start conditioned by drought and rising prices, Centrale lost 3,000 million dollars in the year only thanks to sales on the official market.
Despite the measures announced by Minister Sergio Massa to exchange dollar bonds for peso bonds and thus try to limit the increase in financial dollars, cash with cash was the star of the month. It was up 10% in March and is trading at $407 and set a new nominal record. Thus, it beat inflation, estimated at 7% for the month, by at least three points.
In the year, the dollar used by companies rose 18% against a price index estimated at 21% for the first quarter, which shows that there is still room to continue to go higher.
Thus, the official strategy of pegging the financial dollar is failing and threatens to put more pressure on prices. The MEP dollar, which is traded on the Buenos Aires stock market, rose 11% in March, to $397.
The least moving was the blue dollar, which finished the month in $395, an advance of 18 pesos or 5%, which again leaves him behind the prices. During the month, the blue rose by 14%.
Source: Clarin
