Dollar today: the currency drops to 44 dollars after the disbursement of the IMF and with an increased supply of agro-exporters

After the arrival of $ 10,835 million from the International Monetary Fund (IMF), the dollar opened Tuesday with a drop of about 30 cents. The wholesale currency was sold to $ 43.05 in the first hour of negotiations, while the exchange rate of Banco Nación returned to $ 44.20.

After 11 hours, the currency accentuated its downward trend and proposed to $ 44 at Banco Nación. Foreign exchange pressure fell nearly a peso after the record highs last Friday.

The US currency has lost strength in the last two days after reaching the record of $ 44.96. Since then, the government has received two good news: the same day, the IMF presented a report on the state of the local economy in which it ensured that Argentina "would honor almost all commitments". Tuesday, finally, he received the disbursement after this approval.

From Monday, April 15, after the transfer of the multilateral credit agency, the Central Bank will start selling, on behalf of the Treasury, 60 million US dollars a day to try to control the market.

In addition to the Fund's dollars, the government expects to liquidate the gross harvest: exporters could sell on the foreign exchange market nearly 7,000 million US dollars between April and June.

Finance Minister Nicolás Dujovne and BCRA President Guido Sandleris traveled to Washington to attend the annual conference of the IMF and the World Bank. During their stay, they will meet the Fund's authorities and investors, in a climate of growing uncertainty about the economic and political future of the country that has resulted in a risk of more than 800 points per country for the country. first time of the year. Credit risk swap contracts also recorded record, insurance against default on debt, which reached 900 points on Tuesday.

In return, the Ministry of Finance on Tuesday renewed letters in dollars (Letes) and pesos (Lecap) without major drawbacks. These are short-term bonds, which mature before 2020 and have some guarantee: disbursements from the IMF will occur primarily before next year.

News in development being updated.