Dollar May: after the run there are new exchange measures

2023-05-02 15:00:57

In the Government they emphasize that the mep dollar and the counted with liquidationthe key prices for business activity, ended last week somewhat lower than at the beginning of the blue skyrocket.

And they hope that the exchange rate measures taken urgently during the long weekend to prevent some speculative maneuvers. It seeks to prevent pesos from being obtained in the City with very cheap financing and then used to buy dollars.

Others wonder if the bullfight is really over. And if those new restrictions on financial dollarsat the end of the day, they won’t end up pushing the blue.

Ricardo Delgado: “Using fewer dollars in international exchanges is welcome”

At the same time, with the beginning of the month, the purchase of solidarity dollarthe quota of 200 dollars a month that became the only way to collect dollars legally.

Faced with so many restrictions, the output of reserves for this market is increasingly reduced. The price will be close to 377 pesos, since 65% taxes are added to the official dollar value. With the rise in recent weeks, it was well below the blue dollar, which today opened at 469 pesos.

Javier Timerman: “The dollar at 400 or 500 pesos seems to me an exaggeration”

On the other hand, as in every currency run, fear leads many to withdraw your deposits from banks. In the last few weeks, 800 million dollars left the system, 5% of the total deposits of the private sector.

JL

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