2023-07-31 21:28:00
The blue dollar presented a slight drop in its price at the close of this Monday, following the announcement of the agreement with the International Monetary Fund (IMF) and the commitment to pay US$2.7 billion to the organization through a combination of loans. This agreement, communicated on Friday, includes government intervention in the market to try to control the exchange rate gap.
The blue dollar was quoted at the close of this one at 550 pesos for sale, one peso less than last Friday’s close.
How much did the CCL and the MEP dollar trade on Monday?
Meanwhile, in the stock market, the dollar counted with liquidation (CCL) rises 0.7% to $550.85; while the MEP gains 0.5%, to $512.28in the final stretch of the wheel.
In the wholesale market, the US currency ended up $1.55 compared to the previous closing, at an average of $275.25, while in the month it showed an accumulated increase of $18.55 (+7.23%).
Meanwhile, the Solidarity Dollar and Card Dollar -which have a 30% COUNTRY tax rate and a 45% profit perception rate- were located in $503,86while for purchases over 300 dollars -which has an additional tax of 25%-, it was listed at $575.84.
The financial market remains attentive to economic measures and agreements with international organizations, since These factors have a direct impact on the value of the dollar and the economic stability of the country. With the slight drop in the blue dollar following the announcement of the agreement with the IMF and the payment of the due date, expectations were generated in the current context of economic crisis and exchange rate volatility.
The Central Bank had net purchases for US$177 million today
The BAnco Central bought today US$177 million in the single free exchange market (MULC)which marked the sixth consecutive round with a positive balance, in a day in which the agricultural dollar contributed liquidations for US$118 million, leaving a negative consolidated balance of US$375 million in July.
Today’s result is givenn the framework of the measures announced by the Ministry of Economy to strengthen the reserves, by increasing from $300 to $340 the differential exchange rate for exports from regional economies until August 31, through decree 378/2023 published in the Official Gazette.
In the monthly balance, the Central bought some US$832 million on the dollar wheel, while on the yuan wheel it sold some 8,624 million (around 1,207 million dollars).
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