The Central Bank had to sell $ 130 million to cover the demand for energy imports

Earlier in the week, the Central Bank had to sell foreign currency again to meet market demand. In this wheel the Central had to get rid of 130 million dollars to cover orders from energy importers.

According to market sources, energy import operations he asked for $ 200 million today. This ended Central’s streak last week that allowed it to buy $ 90 million.

While the Central has had to go out and sell, the pressure on financial dollars does not stop. Cash with liquid (CCL), the segment in which the companies operate, increases by 1.2% and is sold $ 305, a new record, while the MEP dollar, which operates on the Buenos Aires stock market, rose by 0.8%. $ 294.

The rise in financial dollars comes against a backdrop of persistent rumors that the government may reverse the exchange rate once again add obstacles to operations.

Both the contado con liqui and the MEP are legal transactions that allow you to earn dollars by buying bonds or stocks in pesos and selling them in dollars. In the case of cash with cash, those dollars are deposited into an overseas account.

After the resignation of Adrián Cosentino as president of the National Securities Commission (CNV) last week and his replacement by Sebastián Negri, the versions that the government will try to extend the parking that is applied in the counted with liqui and the MEP.

This parking is the term that exists between the time the investor buys the bonds and the time he sells them. Today the parking is two working days for the CCL, while for the MEP it is one day.

The parking extension adds risks to the deal: Because bond and stock prices are so volatile, having them “parked” for several days can cause them to end up being sold at a lower price than they were bought at, so the investor I would lose.

Turn down the blue dollar

As the financial dollars go up, the blue dollar goes down by two pesos and is trading at $ 291. After last week’s sharp rally that brought it closer to $ 300, informal yields in a low-trade environment this Monday.

In this context, President Alberto Fernández has targeted tourists who buy dollars to travel and blamed them for jumping from heaven.

Fernández argued in an act at Casa Rosada that Argentina is not just “a place where tourists buy dollars to travel and raise the blue dollar, nor is it the place where some cash speculators liquidate the dollar it reassures us all ”.

Last week, the new Minister of Economy Silvina Batakis raised the tax on the tourist dollar from 35% to 45%. So that price reaches $ 237 today.

On the Buenos Aires stock exchange eMerval rises by 1.1% and Argentine stocks on Wall Street are also bouncing. This time it is recovered up to 9%, as in the case of Edenor.

Bonds are also showing some stability after the sharp decline in the first half of July, which allows country risk to fall by 0.3% and stabilize 2745 basis points.