The Central Bank started April with devastating numbers: in just three days he pocketed 1,070 million dollars in a foreign exchange market where alternative dollars continue to fall.
Thus the blue dollar broke the $1,000 mark this Friday closed at $985. This way it is 45 pesos less than at the beginning of the year. So far in 2024 the foreign exchange market has completely decoupled from inflation, which hovered around 52% in the first quarter. The official number will be known next Friday the 12th.
The decline also extends to cash with liquid, the cicatricial path used by companies, which in this round falls by 2.8% and is traded at $1,028. In this case it is 120 pesos below the level of the first days of January.
For its part, the MEP dollar, traded on the Buenos Aires Stock Exchange, rose by 0.1% to $997. With these alternative dollar levelsthe exchange rate gap is compressed to 14% for blue and 19% for cash with liquids.
This picture in which the gap is narrowing – it had reached 120% before last October’s elections – gives the Central Bank room to continue accumulating foreign currency. This Friday he bought 319 million dollars, the second highest figure in Milei’s management after the $468 million withdrawn on Thursday. AS, In this short three-day week, $1,050 million was needed.
With this the summer of exchange is prolonged early in the second quarter, where the impact of foreign currency earnings from the soybean crop is expected.
News in development
Source: Clarin
