Given the difficulties in curbing the currency rush unleashed in recent days, the Government is preparing measures to stabilize the dollar. The goal is to send a signal of calm on a day when the parallel dollar closed at $432 after having touched $440. an attempt to clarify the clashes on the farewell of Antonio Aracre.
As Clarín learned, the settlement deadlines for imports of services and goods would be extended. The new duration will be 60 days, when until now access to the foreign exchange market (MULC) was instantaneous. The measure aims to further limit the outflow of foreign exchange, in line with the agreements reached with the IMF. Massa was last weekend with the right hand of the head of the organization, Gita Gopinath.
In this context, the Central Bank closed with purchases of US$44 million on the foreign exchange market with receipts of US$72 million for the soybean dollar. While the collection was an improvement from the previous day, in which the currency settlement for the incentive was zero, the volume continues to be low compared to previous versions of the program and Massa’s goal of accumulating approximately 9,000 million dollars in 2023 .
On Wednesday, the sale of reserves for 197 million dollars alarms activated in the official offices and requested an emergency meeting at the Ministry of the Economy. There, officials questioned grain companies for curbs on soy dollar liquidation and promised to contribute foreign exchange on Thursday and Friday. Calls from officials to portals have been added this Thursday so that they do not update the price of blue.
The parallel note climbed $9 to $432 on the sell and hit a new nominal intraday high, after closing at $423 the day before and starting the week at $400. Meanwhile, financial dollars also closed lower. rise. Cash with Settlement (CCL) rose to $437 and the equity dollar (MEP) to $421, despite the BCRA’s Wednesday-ordered rate hike. Thus, the exchange rate gap was between 94 and 101%.
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Source: Clarin
