the blue dollar closed at the beginning of the week 4 pesos more compared to last Friday and ended up at $490 on sale. Meanwhile, the Officer was listed for sale at $243.50.
New in development
Equities and the macro hold back the expansion of mining companies
Lithium, copper and gold projects. A global scenario that favors mineral resources, used in renewable energies and electric cars. A neighbor – Chile – which has already demonstrated a great performance in this area – with exports of 45,000 million dollars – but which now seems to have gone out of fashion. Argentina is on the verge of a major mining development, but it faces an obstacle: the disorder of its macroeconomy.
This was the main conclusion of a meeting of governors, officials and businessmen this Monday at the Arminera exhibition in La Rural.
The governor of Jujuy, Gerardo Morales, was the first to enable the claims “The first thing the next government must do is order the macro, without a plan that establishes clear rules only small projects can be carried out,” he said in a panel with other leaders (Raúl Jalil, from Catamarca and Gustavo Saénz, from Salta). It can’t be done with “permanent rule changes,” Morales said. To know more.
They warn that the anabolics that Sergio Massa applies for consumption will have limited impact
Sergio Massa tries to support consumption, an indicator that shows signs of weakness every month, with a package of measures that includes an increase in the credit card funding limit so that consumers have more room to spend.
At the same time, it initiated a 9 percentage point drop in the Ahora 12 program rates, which fell from 82.45% to 72.75%. At the same time, a reduction in the cost of financing for the payment of the credit card summary was announced, which was set at 80%.
Although the goal is a recovery in sales, analysts warn that with purchasing power decimated, the margin to achieve a substantial recovery in consumption is low and could play against the official intention to stop the escalation of prices. To know more.
The blue dollar closed on Monday at $490, up 4 pesos
The blue dollar closed at the beginning of the week 4 pesos more than last Friday and finished at $490 for the sale.
Source: Clarin
