Dollar today: the cash with settlement reached $908 and the blue rose to $865

2023-10-05 22:50:00

The blue dollar once once more set a record, closing at $855 for purchase and $865 for sale.

The “Cash with Settlement” dollar (CCL), following reaching above $910, stopped the climb and closed at $893.88. This way, The exchange gap with the official price is 155.4%.

For its part, The stock market dollar or MEP soared by $37.15 (+5%) up to $784.83. Thus, the spread with the official exchange rate is 124.2%.

What also rises is the country risk that JP Morgan measures and that this Thursday, October 5 It is at 2,717 basis points.

At 3:30 p.m. the type of financial exchange that has been causing talkthe CCL begins to discount some pesos with respect to the peaks reached in the first followingnoon. TO at 3:40 p.m. it is quoted at 895 pesos, showever the Stock market dollar or MEP adds up and is close to $780. The one that also regresses slightly is the Dolar blue which is now located in the 855 pesos for sale.

At 14:30

He Cash with Settlement They continue between marches and countermarches. It surpassed 910 pesos by a few hundredths and now fell to 904.6 pesos, in a day of high volatility in the market.

This morning there were raids on 18 banks in joint operations between AFIP and Customs.

For its part, the blue dollar resumed its upward trend and is trading at $860, $15 above yesterday’s close. While, the MEP advances 4.2% to $779.57.

The value of the official dollar is $367, while the wholesale price, which is the one that governs foreign trade operations, is $350.

In turn, the Banco Nación quote that is applied for a series of contracts is $365.50. With the new scheme implemented following the post-PASO devaluation, the Savings dollar is worth $642.29, as is the “Tourist” dollar (which applies to expenses less than US$300 per month). The “Qatar” (for expenses over US$300) is worth $660.64.

At 1:30 p.m.

Financial dollars continue to be mobilized and rising. After having had a hot wheel yesterday, Wednesday, which made them climb more than 8% in one day, they are back in activity this Thursday. At 1:00 p.m. the cash with liquid is already at 908 pesos, and although there are ups and downs, the general trend is upward.

Yesterday the dollar Cash with Settlement (CCL) increased more than 7% in a single day and even slightly exceeded the $900, while the MEP rose 3,40% and was located in almost $746. In this way, the gap between both exchange rates approaches 20%.

The jump of dollars has the government in suspense, and the minister Sergio Massa would be analyzing with his economic team some measures that might be known in the next few hours to stop the advance of exchange rates. This morning’s raid on the 18 banks in the city of Buenos Aires and other companies and accounting firms from different parts of the country might be part of these measures.

The government announced the new SME dollar: what it is regarding and when it comes into force

The imminence of the presidential elections makes the market more volatile and with a increasing uncertainty, everything conspires to increase financial dollars. So we saw how in just one week, the CCL soared $111 and the MEP advanced $55.

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For example, this Thursday, October 5, Cash with Settlement operates at $906.6 pesos, although always depending on the instruments used to access it. In fact, the CCL constitutes a mechanism for purchasing foreign currency to be transferred abroad. Its price is the result of the purchase and sale of bonds that are listed both in Argentina and abroad. Although the most used is the AL30, it is not the only one.

When the dollar was a kilo of bull

It is worth remembering that yesterday, the Minister of Economy, Sergio Massaannounced the implementation of an incentive in favor of SMEs with the objective of increasing the reserves of the Banco Central and starting next week they might pay up to 25% at dollar counted with settlement (CCL).

What happens with the parallel dollar

For its part, the blue dollar was at similar levels to its closing yesterday and It operated at $843 and $838 between its selling and buying points.

Around 1 p.m., add a few pesos and it already reaches $855, 10 pesos more than the closing than the closing yesterday.

This morning AFIP and Customs carried out operations in the City of Buenos Aires.

After the last rise of the blue dollar that led it to reach a maximum of $860 pesos, and at cash with settlement exceeding $900, The agencies carried out raids in 18 banks, 8 accounting firms and 25 companies for the leak of a large figure in millions of dollars that involves the use of SIMI’s trout.

The raids were carried out in the downtown Buenos Aires, Rosario, Cordoba and Bahía Blanca in conjunction with ña Argentine Federal PoliceMoney Laundering Division.

As officially reported, The leak of USD 400 million due to false imports with SIMIs is investigated trout made by 176 Argentine companies.

LR

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