The blue dollar reached 600 pesos on another day with a loss of reserves from the Central Bank

2023-08-09 20:07:03

The blue dollar finally reached the psychological barrier of 600 pesos, despite the warnings regarding inspections in the increasingly numerous cuedas of the Buenos Aires microcenter.

In the first hours of operations many caves avoided operating waiting for the exchange outlook to clear up.

Finally, there was consensus on fixing 600 pesos for salewhich feeds back inflationary expectations and lead importers to highlight the merchandise.

In many cases, wholesalers do not even give a price for the merchandise and sell with a deferred price list.


The MEP had a significant increase


Meanwhile, in the stock segment, the dollar counted with liquidation (CCL) fell 1.3% to $589.46; while the MEP gains 3.1%, to $538.02, in the final stretch of the wheel.

The official price is $296.52, waiting for the daily devaluation. Consequently, the savings dollar is worth $518.91.

Among the exchange rates that apply to expenses abroad, with debit and credit cards of more than US$300 per month per person, the Qatar dollar has a cost of $593.04 and the “Tourist” for expenses below that limit is worth $518.91.

For his part, the wholesale dollar opens at $285.40 and the price of Banco Nación is $294.


The Central Bank sold US$94 million


The Central Bank sold today US$94 million in the single and free exchange market (MULC), in a day in which the agricultural dollar contributed liquidations for US$46 million.

The balance of the day of the monetary authority occurred within the framework of the measures implemented by the Ministry of Economy to strengthen reserveswhich increased the differential exchange rate for exports from regional economies from $300 to $340 until August 31.

“The agricultural dollar today contributed the lowest amount since the launch of the differential exchange rate at $340,” said Gustavo Quintana, an analyst at PR Corredores de Cambio.

Regarding the exchange rate, the retail dollar closed at $297.81, with a rise of $1.29 compared to yesterday.


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