2023-10-31 18:09:49
After the elections, the dollar In all its variables except the official one, their price dropped drastically. However, this change in trend might be short-lived.
In this context, the team Channel E He contacted the economist from Libertad y Progreso, Aldo Abramwho spoke regarding the price of the dollar.
The reasons behind the decline of the dollar
“Minister Sergio Massa made a masterful move the day following October 22, allowing exporters to liquidate dollars in the CCL market,” said Abram, who then completed: “That makes the financial currency go down.”
“Before the Central Bank intervened directly in the financial markets and now the exporters do it,” explained the economist. “This also encourages the settlement of currencies”he added.
Along the same lines, the interviewee explained that the postponement of the exchange rate devaluation following the elections delays a transfer to prices. “It is a short-term measure but it can be a mechanism to control the exchange rate and improve the profitability of exporters”he added.
Finally, Abram said that it is highly probable that if Sergio Massa wins, there will be a devaluation of the wholesale exchange rate so that the political cost does not increase within his presidency. “Then you have to do microdevaluations so that the exchange rate is not delayed”he concluded.
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