The Central Bank devalued about 20% and the official dollar operates at $365.50

2023-08-14 13:54:00

This Monday, after the result of the primary elections, the Central Bank finally advanced with a devaluation of the official wholesale dollar up to $350 and, in line with that measure, resolved to raise the monetary policy rate (including the traditional fixed-term rate). by 21 percentage points, to 118%.

There is still no official statement, however on the blackboards, the wholesale dollar operates at $365.50, which reconfirms previous market speculation that, after the primary elections, a devaluation of the official exchange rate would take place.

It is worth remembering that the wholesale dollar governs foreign trade operations and adds an increase of 97.6% so far in 2023,

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