The Central Bank devastated the market this Wednesday.
With the demand for foreign currency paralyzed by the new restrictions imposed by the government, the Central Bank wiped out this Wednesday with the purchase of dollars in the Single and Free Foreign Exchange Market (MULC).
in just one day took $ 560 million It is complete nearly $ 1 billion so far this week. Buying today is the highest for one day since December 2016.
In fact, according to economist Fernando Marull, it is the third highest purchase in the past 20 years.
In this way, the Central overturns the results it has brought so far this year.
Until Friday 24 June it had only managed to buy $ 400 million during the year. This low number revealed the extensive difficulties encountered by the monetary authority in obtaining new currency exchanges, amid growing demand driven mainly by energy imports and Argentines’ higher spending on tourism abroad.
The new measures, which further limit the access of importers to the official dollar of $ 128They left the square empty. Today the main applicants are the fuel importers, led by state-owned companies, who take $ 100 million and $ 150 million a day.
With the gagged demand, the Central has managed to recompose its purchases. “In the first three days of this week the BCRA accumulates purchases for nearly $ 1 billion. With the demand disjointed as a result of the restrictions, the plant today had a significant result for its business “, said the operator Gustavo Quintana.
News in development
Source: Clarin
