Financial dollar of more than 300 dollars: the government has asked stock exchange operators to reduce operations

The escalation of parallel dollars, in quotation marks above $ 300It became a matter of state. It became evident on Monday when the president targeted the “speculators” who, according to him, are raising the blue and liquidation funds (CCL). And then, in the request received by the agents to reduce the operations for a time in the hottest markets for these hours.

“There is an order that tends to limit CCL operations”, industry sources confirm. The message emerged in the first meeting led on Monday by the new president of the National Securities Commission (CNV), Sebastiano Negri, and its predecessor, Adrián Cosentino, with the directors of the main markets. The meeting was for formalize the change of dome and dispel rumors of more foreign exchange controls, but the signal was not well received.

official sources They denied that the dollar situation had been discussedr in the meeting.

On Monday the contado con liqui started under $ 300 and, after the President’s speech, ended the day at $ 305wearing out the exchange gap with the wholesale dollar at almost 140%.

This Tuesday, after jumping to $ 308, it traded higher, to $ 306. And the blue dollar jumped to $ 10 and reaches its all-time high when it trades at $ 301, in a new day of tension that puts pressure on the official exchange rate and reserves.

It is not the first time that the CNV ask market agents to lower their profile and limit their operations. The agency had already started making phone calls the first days of JulySilvina Batakis has just taken up the position of head of the Ministry of Economy.

The novelty is that now there was a request in the middle of the Negri landing, which claims a daily contact with the minister Y he will meet her this Tuesday to analyze the bond market situation.

Batakis is also closely following the battle waged by the Central Bank. The monetary authority sold $ 130 million on Monday in the single foreign exchange market, driven by energy imports, e accumulates sales of $ 700 million in July.

Alberto Fernández’s speech, according to analysts, added further pressure to a troubled market due to the tightening of restrictions on the payment of imports and travel and expenses abroad.

“Argentina is not a place where tourists buy dollars to travel and raise the blue dollar; nor is it the place where some CCL speculators raise the dollar and make us all uncomfortable,” said the museum president. of the Bicentenary of the Pink House. After those words, the meeting would be activated took place at the headquarters of the CNV, from where the market players started with more doubts than certainties.

“Everything is very tense and the fact that the president speaks specifically about the LCC in his speech does not help, does not bode well,” said an analyst. “How can it not increase if the leadership of the CNV is changed and those who operate are called CCL speculators?? “stressed another.

In the meantime, in a bank notice a deterioration of the exchange rate scenario for parallel price increases. “Worrying, and unreserved to intervene, complicated”, they warned.

The meeting at the CNV was attended by the president of Bolsas y Mercados Argentinos (ByMA), Ernesto Allaria, and the general manager, Gonzalo Pascual Merlo; the head of the Argentine Stock Exchange (MAV), Alberto Curado, and the general manager, Fernando Luciani; the vice president of MATBA-ROFEX, Marcos A. Hermansson, and the managing director, Diego Fernández; the president of the Electronic Open Market (MAE), Roberto Olson, and the legal advisor, Gabriel Romeo.

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