the blue dollar it closed its listing on Friday at $400 for the sale, the same historic milestone he had reached the previous day. As for the official dollar, the currency was quoted at $221 on the Banco Nación board of directors.
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The UBA has given the go-ahead to swap ANSeS debt: what the opinion says
Concerned with rebuilding reserves and reducing uncertainty about the dollar given the tensions that closed the blue at $400 on Friday, the government is preparing to resume trading in bonds that had been suspended for a month. To activate this operation, it was necessary for the UBA to disclose the opinion that Sergio Massa requested after the turmoil that the financial operation generated. What does that report say?
The Faculty of Economic Sciences approved the opinion and indicated that the operation proposed by the Economy Minister has a “neutral effect” and does not involve “a financial loss” for public bodies. To know more.
Due to the drought, Massa is now negotiating a reduction in the fiscal adjustment with the IMF
Sergio Massa has decided to take a short break and he spent this rainy Sunday with his family. After a series of meetings in Washington and the visit of US officials to Argentina, the economy minister is preparing for another intense week. His team, led by Leonardo Madcur and Gabriel Rubinstein, has already resumed negotiations to review the agreement with the agency in view of the impact of the drought.
At Massa’s request, the IMF changed its reserve accumulation target last month to meet schedule. And now the loss of harvest due to the drop in exports of up to 15,000 million dollars has become another factor jeopardizing the fiscal target. In this context, the government is looking for new reliefs that will allow it to get to the elections without the agreement signed a year ago exploding, as happened to Mauricio Macri. To know more.
With inflation rampant, the risk of a double-digit month arises
Of course it is hard work, one could say unhealthy, to be the spokesperson for a government that does not hit one and is decidedly going downhill like the one managed or misgoverned by Alberto Fernández, Cristina Kirchner and Sergio Massa. But however big the engagements with the principals, a little decorum never hurts, something that smells different from the politics of permanent manipulation.
The spokeswoman Gabriela Cerruti commented on the 7.7% inflationary shock that occurred in March: “Most analyzes show us that this was the worst moment and that a downward trend has begun which we hope will soon be reflected”.
The specific data show, to begin with, that 7.7% was the highest record in the last 20 years and the analyzes warn of the tails of an uncontrolled process and the risk of going to a double-digit monthly index, that is, to resolutely enter the tunnel of time. To know more.
Source: Clarin
