In a tense week in which the blue dollar has risen by the dozens, with runs and the resignation of Antonio Aracre, the day passes after a record day in the informal market in which the US currency reached $440 and finally closed at $432. Cover of clarionminute by minute.
New in development
The government runs after the dollar crisis and with few tools
Alberto Fernández with Sergio Massa in Olivos.
The unwritten rule of the Argentine foreign exchange market is satisfied again.
In the midst of a currency crisis, the most powerful and effective argument is to see the Central Bank buying dollars to bolster reserves. Read more here.
The back room of the exchange race that has added fuel to the fire that is shaking the Government
The fights. I tripped him. Uncertainty and lack of purpose They have triggered the run on the dollar, which yesterday reached the sensational figure of 440 pesos.
Alberto opened Pandora’s box with an intriguing meeting with Antonio Aracre: there was a flight towards the dollar. Sergio Massa warned him: “Alberto, they are playing with fire and one day they will burn themselves”. Maximus has disappeared. Cristina was a spectator this time. She managed only to say to the minister: “I told you, Sergio, that Alberto is an asshole.” Read more here.
Together for Change asks Massa for explanations: “They are burning Argentine bonds for having held the dollar for a while”
In the midst of tension on exchange rates, with a record quotation of the blue dollar, a group of deputies from Juntos por el Cambio presented a request for information so that the Minister of the Economy, Sergio Massa, and the president of the Central Bank, Miguel Angel Pesce , be responsible for the intervention on the dollar debt market what happened this wednesday.
Federico Angelini, deputy and interim president of the PRO, told Clarín that the suspicion is that the government has carried out large-scale sales “destroying the value of the bonds, with the sole objective of marking a price of the Euro MP dollar at the close and the cash with lower settlement than negotiated during the wheel.” To back up his suspicions, the Congressman pointed out that markets are trading on a rising dollar again this Thursday. Read more here.
The blue dollar closed at $432 after reaching $440
In the midst of the political and economic crisis that is shaking the government, the blue dollar closed this Thursday at $432 after hitting a new high of $440.
Source: Clarin
