A major US bank has risked in a report how much the free dollar and the official dollar will be quoted towards the end of the year

The lack of pesos and the intervention of the Central Bank through the purchase of bonds made it possible to control the alternative values ​​of the currency

FILE PHOTO: US dollar banknotes are featured in this illustration.  REUTERS/Dado Ruvic/Illustration/File
FILE PHOTO: US dollar banknotes are featured in this illustration. REUTERS/Dado Ruvic/Illustration/File

February is ending and the concern is inflation. Most estimates give it above 6%. Meat increases, meanwhile, are accelerating. According to economist Salvador Di Stéfano, beef should be quoted today in Cañuelas for 600 dollars per kilo, chicken between 400 and 450 dollars and pork 360 dollars per kilo.

The free dollar fell to 377 pesos

Transactions on the informal market at the beginning of the week confirmed the trend towards the lateralization of the free dollar, which subtracted two pesos for the sale, to 377 pesos. Thus, the informal price has fallen by four pesos so far in February, after a series of three consecutive months of increases above inflation, between November and January.

The dollar counted with liquidation also fell two pesos to $365 while the MEP it fell a peso to $356 per unit.

He central bank bought $33 million, the highest daily net positive balance in a month and a half. Debt in pesos: the economy closed February with net financing of $183,821 million.

Argentinian ADRs climbed as much as 6% on Wall Street.

The informal price has fallen four pesos so far in February (Roberto Almeida)
The informal price has fallen four pesos so far in February (Roberto Almeida)

Financial day: As the government seeks to ease the reserve target, bonds rose and the free dollar fell

Global stocks rose 1.9% on average and country risk fell to 1,966 points. The free dollar fell two pesos, to $377, and the exchange rate differential narrowed to 92.5%. BCRA bought 33 million USD from MULC

Argentinian debt improves its performance on Wall Street.
Argentinian debt improves its performance on Wall Street.

The Argentinian government is in talks relax the 2023 reserve target of the extended facilities program agreed with the Monetary Fund International (IMF), the novelty received a positive reception on the local market. On Monday, the free dollar fell, dollar bonds resumed their ascent and the Central Bank again bought reserves on the wholesale market.

Categorized in: