Strong increase in litigation in July: $ 1,200 million

After the first seven months of 2019, the "Argendólares" they accumulate an increase of nearly $ 3.2 billion. Gone are the days of 2016, when, laundering, the "Argendólares" they increased nearly 11,850 million dollars. A year later, they only increased by $ 3,965 million and in 2018, the year of the crisis, $ 2,520 million.

However, the stock reached is relevant because it represents for example 47% of the reserves "Gross" BCRA (note that reserve requirements are part of reserves), 37% of total private deposits and 106% of the monetary base.

No doubt that the significant growth of "Argendólares" It is not related to any act reflecting the improvement of trust in the government. Less in opposition. But this is another sign that reflects the level of caution with which savers expect STEP and 27-O. Some of these funds come from "Hoarding" that is, it is dollars bought by individuals who have chosen to deposit them in a savings or fixed-term fund as s & # 39; Was acting from a safe "Free" who also pays a fee, waiting for the outcome of the election.

Just as badysts are repairing at the level of "Roll on" dollar terms because their drainage affects the reserves of the BCRA, attention should also be paid to "Argendólares" that, in several episodes of contemporary history, they have shown how volatile and sensitive they are to the fluctuations of monetary turbulence. Better, for the common good, nothing saves savers "Argendólares" because they far exceed the reserves "Liquid" of the BCRA.