The blue and another increase
The blue dollar rose again this Tuesday.
It closed at $1,275 for buying and $1,295 for selling.
On the day it had an increase of 1.19%.
The Construction Chamber warned about the layoffs
The president of the Argentine Chamber of Construction, Gustavo Weiss, questioned the Government for paralyzing public works and warned that the current crisis “is much worse than that of 2001.” He also considered that beyond the adjustment plan, the Executive Branch should apply “an economic development plan.” The businessman admitted that in the sector “we did not imagine that the decision of the Government of Javier Milei was going to be to completely paralyze national public works.”
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The MEP dollar
He MEP Dollar or Stock Market Dollar It is a legal way to acquire dollars in Argentina. It involves the purchase of a bond in pesos that is also listed in dollars in foreign markets. Unlike the “Liqui Cash Dollar”, the foreign currency obtained remains in the country. The quote and price of the MEP Dollar may vary and is subject to market expectations.
The dollar at the close
After the rise shortly after beginning operations, the dollar remained stable and closed unchanged.
The final quote was $881 for the purchase and $921 for the sale.
The increase at the end of the day was 0.11%.
Caputo announced that he will negotiate a new program with the International Monetary Fund
The Minister of Economy, Luis Caputo, announced that after this Thursday a new program will be discussed with the International Monetary Fund, which is expected to disburse $800 million that day. “It will take a while but we have to agree with the Fund and eventually (we hope) new money will arrive with this new program,” he said. The Government hopes that this money will help them fulfill their promise to “get out of the exchange trap.”
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The blue cuts part of the rise
After reaching $1,300, the blue dollar fell and is now selling at $1,295. For purchase it is quoted at $1275.
These values imply an increase of 1.19% compared to the price at the beginning of the day.
Sincericide of a senior official of the Milei Government
By Leandro Renou
The Secretary of Commerce, Pablo Lavigne, admitted in a meeting with consumer businessmen that the recessive scenario is very complex and that, in any case, the portfolio he leads “will have the most inconsequential role possible”. In parallel, in a meeting that lasted no more than half an hour and included small and large supermarkets, the Chamber of Grocers and wholesale businesses, he admitted that “we know that we are not seeing a recovery in sales.”
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Currency black market
It is an alternative market where foreign currencies, mainly dollars, are traded outside the control and regulation of official financial authorities. This market is characterized by operating outside the law, which often results in higher prices compared to the official market. Its existence and prevalence are due to several reasons. Firstly, the relevant percentage of “black economy” in the entire national productive movement (to avoid paying taxes or directly as a result of illegal activities), which leaves many economic agents without the possibility of resorting to legal markets. Among its defenders, the influence of strict exchange restrictions imposed by the government, economic imbalances, and a growing demand for hard currencies as savings or investment mechanisms in the face of local economic uncertainty stands out. In addition to impacting the economic stability of the country, the black currency market represents a legal risk for participants, since transactions are carried out outside the banking and financial legal framework. Unlike the Blue Dollar, which refers specifically to the US dollar in an informal but relatively accepted context, the black market can include a variety of foreign currencies, and is often associated with less transparent and more speculative economic activities.
The CCL returns to its initial price
The cash with liquid had risen 0.31% percent but then returned to trading as at the beginning of the wheel.
Operations are carried out at $1,300.55 for purchase and $1,304.10 for sale.
The dollar counted with liquidation also rises
The dollar counted with liqui does not rise like the official and the blue. In your case, the increase in the price is 0.31%.
At this time it is trading at $1,304.67 for purchase and $1,306.79 for sale.
The blue dollar continues to rise
After an unchanged start, the blue dollar is now trading on the rise. The increase with respect to the price at the beginning of the day is 1.59%.
It is now trading at $1280 for buying and $1300 for selling.
The Afip dismantled an organization dedicated to the sale of apocryphal invoices
The Federal Public Revenue Administration dismantled an organization dedicated to the sale of apocryphal invoices, which evaded more than five billion pesos between VAT and Profits. The gang, originally from the city of Rosario, province of Santa Fe, made fraudulent invoices through more than 150 different invoicers for a total of more than 10 billion pesos since 2018. The agency’s investigation lasted a year and a half and The federal justice system of Rosario and the Ministry of Security were part of it. As a result of the investigations, 10 simultaneous raids were carried out that allowed the gang to be stopped and five people to be arrested. The leaders of the criminal gang presumably carried out fraudulent maneuvers to avoid paying taxes of 5,000 million pesos from 2018 to date. The mechanism included a pattern of recruiting people in situations of social vulnerability, identified through the electronic billing system, as the users of the vouchers issued. The agency’s agents were able to calculate that a total of 40,000 receipts were issued apocryphally. From 2018 to May of this year, the AFIP estimated a total invoiced amount of around 10 billion pesos, which implies an evasion of more than 5 billion pesos, between Value Added and Income taxes. .
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Only half of the soybeans are sold, waiting for a more expensive dollar
By Leandro Renou
The official incompetence to manage the existence of foreign currency and obtain fresh dollars through genuine or non-genuine means, ended up leaving the National Government at the complete disposal of the countryside’s will to release agro-dollars. The Minister of Economy, Luis Caputo, who arrived with the banner of a team capable of attracting capital, must in this scenario pray to the International Monetary Fund (IMF) and the currency swap with China to get out of a complex bottleneck: The field warned that it expects a devaluation for October or November and that, until then, sales and liquidations of exports in volume will not be seen.. In fact, as of today, only half of the soybeans expected for this time of year have been sold.
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The dollar rises
Trading began this Tuesday and the dollar rose 0.11%.
The price became $881 for the purchase and $921 for the sale.
What is blue dollar
He Dolar blue It is the exchange rate of the US currency that is bought and sold outside the formal circuit. It is sold in unofficial places and is also known as the parallel dollar or informal dollar. The quote and price of the Blue Dollar may vary and is not regulated by the government.
The price of the dollar today
The official dollar and the blue dollar maintain yesterday’s price.
The official dollar is quoted at $880.50 for purchase and $920.50 for sale.
The blue dollar is at $1260 for purchase and $1280 for sale.
