He blue dollar was up $8 this Monday and set another record for its closing price: $408 for the sale. As soon as Officially, the currency closed at $222.50 listed on the Banco Nación blackboard, $1.50 above Friday’s previous close.
New in development
“State borrows in dollars at rates up to 45% and is not a profit for retirees”
– Does the UBA approve the debt swap with ANSeS?
– The UBA was not asked for an overall approval, it did not express a favorable opinion. The UBA is entrusted with an exercise on the interchange between the Treasury and public bodies, within which the FGS (Sustainability Guarantee Fund) of ANSES has a leading role. From the questions of the Ministry of the Economy emerge assumptions and methods of accounting for the valorisation of the security, which is given to you and generates an exclusively accounting profit.
– Does it have an impact on retirements?
– This exercise has nothing to do with retirement assets, in no way should it be interpreted as a gain for pensioners. The FGS, after more than 15 years, has never been used to address gaps in pension funding. Therefore, the exchange transaction between the Treasury and ANSES has no direct impact on equity. FGS does not pay pensions. They are paid with contributions, contributions and taxes.
– What are the risks of the measure?
– What is less talked about is a second operation, which is the sale of Bonares, public securities governed by national law which must be sold on the market and with what is collected, double Treasury bills can be subscribed for. When the FGS sells government bonds on the market, it acts as a dollar government debt issue. To know more.
The blue dollar sets a new record: in one day it rose by 8 dollars
The blue dollar jumped $8 earlier in the week and set a new nominal high. The green currency in the informal market closed yesterday at $408 (Friday it was at $400) in an environment of high volatility. Financial exchange rates recorded different trends. The CCL dollar was up $4 from the previous close and traded at $409.4 while the MEP dollar was down $3 and closed at $395.45.
In the market they interpret that the blue dollar’s rise “is a response to the strong inflation data seen last Friday,” says Diego Martínez Burzaco, of the online broker Inviú. He alludes to the 7.7% increase in the cost of living recorded in March by INDEC, which marked the highest level since April 2002. “If the dollar does not rise by 30 dollars a month with this inflation, it means delay” , he stressed. a bit of irony Nery Persichini, from the consultancy firm GMA Capital. To know more.
Source: Clarin
