:quality(85)//cloudfront-us-east-1.images.arcpublishing.com/infobae/TJPUWNOCDRHDND7LJRSETHHD7U.jpg "Dollar live today: how much is it opening this Friday March 10 and what is the price minute by minute")
The wholesale dollar rises to 200.75 pesos
early sell positions in the wholesale dollar segment mark a price of $200.75 per unit, some 39 cents above the previous close. The official exchange rate registers an increase of 4.93 pesos or 2.4% during the week, which rose to 23.59 pesos or 13.3% since the beginning of the year.
At the end of the debt swap, the BCRA authorized the banks to distribute the profits
Yesterday’s decision by the monetary authority eliminates the ban that the Central Bank itself ordered in December on the distribution of dividends throughout 2023. The new rule will allow owners of the entities to collect profits for the double that of last year but in contribution
Yesterday was a hectic day not only at the Palacio de Hacienda, where one of the most important financial operations of the year was resolved, but also at the Central Bank, whose board of directors has been more active than d usual by publishing ad hoc regulations. For example, the decision to allow banks to incorporate reserve requirements into new index-linked bonds from the debt swap that closed yesterday at the last minute. She wasn’t the only one.
The government has liquidated peso maturities and is now facing shortage of dollars due to drought
It successfully refinanced 61% of the debt that matured in the second quarter through the issuance of new securities that will mature between 2024 and 2025. Strong participation from banks and the public sector
The Treasury got significant buy-in from the exchange it made yesterday, even above what was expected by investors. In total, it refinanced the debt for $4.3 trillion, which will now be transformed into new peso securities maturing in 2024 and 2025. The result has allowed the government to shed the heavy backpack represented by the millionaire maturities of the second quarter, since which managed to erase 61.5% of the total maturities in pesos.
Without waiting for the effect of the peso debt swap, the market continues to hedge in dollars
Financial prices rose and even surpassed the free dollar
The finance secretary, Edward Setty, had hedged early by planning a swap of 50% of Treasury debt. The end result was 64% and it was not a success, because of the $7.5 trillion in bonds that were offered, only $4.34 trillion had their maturity extended to 2024 and 2025.
The free dollar closed Thursday at 373 pesos
He free dollar Thursday’s round ended at $373 to sell, with a decline of five pesos in the day, offsetting most of the rise from the previous round, when he gained seven pesos. The exchange difference with the dollar wholesalerwhich gained 41 cents to $200.36, was at 86.2%.
The dollar counted with liquidation rose seven pesos to $386 while the MEP it went from five to $375 a unit.
ADRs fell 6.4% on Wall Street. He countries at risk exceeded 2,100 points.
He central bank it disposed of $47 million on Thursday and accumulated a loss of $207 million in the week.
Financial day: On the day of the debt swap, the free dollar fell, as did bonds
The “blue” dollar fell 1.3% to $373 and “cash with cash” hit a record high of $386. The BCRA sold $47 million to the MULC. The S&P Merval lost 1.3% and ADRs on Wall Street fell 6%. Global stocks lost 1.2% on average, with country risk again above 2,100 points
The Argentine stock market fell on Thursday, although with reduced volumes, for a millionaire debt swap to pesos launched by the government to alleviate market uncertainty in an election year and a slowing economy.