With a strong demand in the last hour of the market, the official dollar exceeded the $ 1,200 line
Argentine bonds and actions responded with the fall of their prices to the uncertainty that the global fight for tariffs continues
Argentina is paying the uncertainty generated by the United States. Yesterday the Secretary of the Treasury, Scott BettingHe announced that he hoped to see advances in the negotiations with China because the tariffs that were imposed resemble “an embargo.”
Currency competence and risks of implementing without prior reforms
Allowing the free use of dollars could boost the economy, but without structural changes, real competitive exchange rate and institutional confidence, the effect can be counterproductive
The government analyzes a project so that dollars saved under the mattress, in safety boxes or deposited abroad can be used to buy any type of products.
Financial Day: The wholesale dollar rose and was at its highest price from the headache
In the Banco Nación it was offered to $ 1,210. The S&P Merval fell 2% and the dollar bonds lost 0.8%, within the framework of a negative wheel for Wall Street
The beginning of May marked the pattern of a greater dollarizing demandwhich became evident in very firm increases in all market segments, and a weakening in stock asset contributions, given that investors remained oblivious to risk bets due to external volatility and the lack of new foundations in the domestic level.
Without market financing this year, Caputo resorts to the idea of a “laundering neo” to ensure dollars
The Minister of Economy considered that regulatory changes of the BCRA and Arca are needed so that dollars of the mattress can be used without restrictions. Doubts for the anti -saved norms signed by the government itself
Although without major details, the Minister of Economy advanced yesterday with another step of the plan to enable a greater dollar use In the economy. Luis Caputo He acknowledged that the conditions are not given to return to financing in volunteer debt markets and in that context looks for other alternatives to increase the foreign currency offer and give an additional impulse to the activity.
Mattress dollars: how the scheme of “spontaneous presentation” works and what use could be given to the tickets
Experts consider that the Executive Branch has that option at hand not to go through Congress. In the field they expect the measure to include a habilitation to pay supplies with dollars
The Government ends up defining the scope of the new measures to promote the use of undeclared dollars. For experts, the Executive Power would have an option at hand to establish a kind of New “whitish” and the parliamentary approval will be saute, but it could imply legal controversies. The field, for now, awaits a signal to make purchases of inputs directly with foreign currency.
The CAF evaluates a 300 million USD loan to reinforce the feed program in Argentina
The Latin American Development Bank will treat it in July to support the expansion of the benefit aimed at families in vulnerability, in line with the commitments assumed by the Argentine government with the IMF
(From Brasilia) – He Latin America Development Bank (CAF) plans to approve in July a USD 300 million financing For Argentina, intended to strengthen the program To feedas he anticipated Infobae the executive president of the multilateral agency, Sergio Díaz-Granados.
Marginal low for reserves
The gross International reserves of the Central Bank ended at USD 38,949 million, with a slight decrease in USD 11 million. BCRA sources indicated Infobae That the entry of USD 66 million was recorded for loans and variation in asset contributions, in the twelve consecutive wheel without official intervention in the exchange market.
The payment of USD 620 million for interest owed to the IMF (International Monetary Fund) is scheduled in the next few days, at the same time of the re -entry of dollars in the portfolio of the banks, which will be incorporated into lace in the BCRA, in compliance with the limits of the global net position required by the entities.
“The market cannot get reservations to the BCRA. Only if external debt is paid, withdrawals of treasure deposits, withdrawal of lace from banks. They go up by entry of external loans and valuation changes. Valid if there is no intervention, as until now,” explained the economist Carlos Rodríguezfounding rector of Ucema.
Gross reserves marked an increase in USD 17,741 million or 83.4%, from USD 21,208 million of December 7, 2023. This calculation integrates debt payments in foreign currency, among other concepts, as well as the income of international credit.
