Sunday, November 28

Government, on the dollar and the day after the elections: “There will be no devaluation”

Before the consultation for what may happen with the dollar from Monday, November 15, the day after the legislative elections, the spokeswoman made it clear that “No devaluation is foreseen”.

The government’s concern has no end, given that at the end of the day on Wednesday, November 10, the blue dollar registered its largest daily rise in six and a half months. It far exceeded the psychological level of $ 200, to mark a new nominal record, according to a survey by Scope in the Black Market of Foreign Currency.

In the midst of a growing demand as coverage, less than four days before the national legislative elections, the parallel dollar climbed $ 5.50 (+ 2.8%) to the unprecedented $205Therefore, the gap with the wholesale exchange rate, which is regulated by the Central Bank, exceeded 100% (104.7%).

So far in 2021, the parallel accumulates an appreciation of $ 39 (rise of almost 25%), well below the accumulated inflation of 2021, close to 40%. It should be remembered that during September, the blue dollar rose $ 4.50 (+ 2.5%), after posting its lowest rise since March in August, climbing just $ 1 (+ 0.6%). After hitting a low of $ 139 in early April, the parallel dollar increased $ 9 in April (6.4%), $ 7 (4.7%) in May, $ 11 (7%) in June, and $ 12.50 (+ 7.4%) in July.

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