The price of the dollar worries the government. Photo: EFE
News in development
The restrictions on imports announced by the government to try to avoid a “sudden devaluation” have so far not had the desired result and the blue dollar hit a new all-time high on Tuesday, closing at $ 239, while liquidity with liquidity reached exceeds $ 252.
The price of blue dollar for $ 239 it brought the exchange gap with the wholesale dollar to 86%. Blue has so far gone up 26 pesos in June, which equates to a 12% increase, the same percentage it has increased over the year.
29.06.2022
08:48
Daniel Fernandez Canedo
Is the reinforced trap enough for the dollar to spend the winter?
The Minister of Economy, Martín Guzmán, and the President of the Central Bank, Miguel Ángel Pesce. Photo: AFP
It was June 29, but in 1959, when the then Economy Minister of Arturo Frondizi’s presidency, Alvaro Alsogaray, announced an anti-inflationary plan, coining the well-remembered concept: “We must spend the winter” to give the signal that the the adjustment had Expiration Date.
63 years after that launch today in the government, and for various reasons, they believe the winter must have passed to leave behind a quarter that is presented as a shortage of dollars.
The government continues to be surprised by the jump in demand for foreign currency to pay for gas imports, which in June were around $ 2 trillion and aim to stay at that level for at least another two months. Read more here.
29.06.2022
08:43
Annabella Quiroga
The five keys that push the price of the blue dollar and push up the gap
The blue dollar hit $ 239 on Tuesday.
In two days, the blue dollar rose thirteen pesos to $ 239. With a few trades and many priceless “caves” given the enormous level of market uncertainty, the informal expresses the temperature of a turbulent market and carries the gap with the wholesaler above 90%.
Why does blue scale? There are five reasons why this jump occurs almost in the middle of 2022. Read the full note here.
Source: Clarin
