A Macri consultant is asking for several types of dollars by the end of the year



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Midweek

"The key is how portfolio dollarization evolves in a context of great uncertainty. We project the dollar at the end of the year at 65 pesos, although it is likely that the exchange market will have several prices", Said the one who was finance secretary during the presidency of Carlos Menem.

The report was distributed in the middle of the Hernán Lacunza conference, in which he announced the pbading of the doubt with the IMF. The measure was taken after the dollar surpbaded 60 pesos and the country risk exceeds 2,100 basis points.

"Maintaining exchange rate stability is the key to managing the transition to the next government. The BCRA continues to use its arsenal to intervene in the MULC and has used US $ 1,428 million of its reserves to provide liquidity to the foreign exchange market, which has added the sale of futures contracts in dollars on Rofex", Explains the report entitled" Economy and finance ".

Far from freeing the market, they claim to "watch day by day the demand in dollars of individuals and companies, as well as the actions of the Central Bank".

The exchange rate division has a history in Argentina. Between 1948 and 1958, the gap between the official and the parallel dollar was 406% in 1954. Between 1972 and 1976, it was 226%. During the period 2011-2015, where the "shares" prevailed, there was the official dollar, the blue (black market), the tourist (with a surcharge of 35% as an advance on the tax on the income) and the saver (with a further 1% if they did not let him enter the banks for a year) which were unified with the arrival in the government of Mauricio Macri by a strong devaluation.

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