2023-10-25 16:51:39
Market expectations were satisfied by the victory of Sergio Massa in the general elections and this could be seen in the prices of financial dollars. In order to expand this panorama, this medium contacted the economist, Lucas Carattini.
“Beyond the election results, dollars we still need“, commented Lucas Carattini, who later added: “It goes hand in hand with an eventual splitting the exchange rate in a more official and established wayin the sense of having a totally liberated financial exchange rate and a commercial exchange rate.”
Decreases in the prices of financial dollars after the elections
Later, Carattini stated: “We had drops in the prices of financial dollars. Today you are having a dollar at $530 in that 70/30 combination.” Then, he stated that, “this is no longer a sectoral dollar, it is a broad dollar for all exports and even service ones, with which, We are talking about an amount of 6,000 million dollars that are settled in all export concepts.”.
The volume of financial dollars takes away from that of the officer
“This has a bit of a negative implication.it is true that it gives you volume in financial dollars but at the same time That volume will be taken from you in what would be the official dollar”explained the interviewee. In another instance, he stated that, “The measure is partly about what the agro-export pole is. and you don’t have as many dollars to raise there because of last year’s campaign issue.”
Before the elections, the dollar reached the highest value in history
On the other hand, the economist pointed out that, “the photo we have today is from a Friday when there was extreme dollarization, we went to the weekend with the highest adjusted dollar in real terms in recent history“, with which, “what we saw on Monday and Tuesday it was a drop in exchange rates”.
Finally, he remarked that, “financers adjusted quite a bit due to this over-dollarization and Milei is going to have to moderate herself to try to add votes for the second round“, the same thing that is happening with Minister Massa.”
1698254490
#Election #effect #declines #dollar #prices #recorded