Saturday, November 27

The CCL dollar operates at $ 187 and the gap with the official is close to 87%

For its part, the MEP dollar Regulated increases 0.9%, to $ 184.83 (“free” close to $ 203), with which the spread with the wholesaler operates the wheel at 84.5%.

The market sees an acceleration in the rate of devaluation as inevitable after the elections, at the end of the year. This is how the consulting firm Delphos Investment considers it, which points out as triggers the level of net reserves that is “at the limit” and the impossibility of reaching an agreement with the International Monetary Fund (IMF).

The forecast considers for its analysis the scenario of the future dollar and that of bonds and, according to the prices that are operated in the Rofex futures market, for December the rise in the nominal exchange rate would be 5.2%, while for January would increase to 6.2%.

All this happens in a wheel in which the blue dollar falls $ 2.50 to $ 204 after registering strong rises in the previous wheels. This led to the gap with the official above 103.65%.

The Government repeatedly denied that there will be a jump in the price of the official dollar after the elections. In that sense, the private companies assure that what happens with the “green ticket” as of next Monday depends exclusively on what the Government does to anchor expectations.

From the consulting firm PPI, “the situation of the Central Bank is delicate. Our estimate of net liquid reserves – discounting gold – is about US $ 750 million. If the agency continues with the current rate of sales to intervene in the dollar market MEP, the account gives that they are enough for a few more days. And the point is that the next payments to the IMF can be made with the Special Drawing Rights (SDR) granted by the organization itself, but at the beginning of next year more dollars are needed March is the limit. “

“In this framework, the government could somehow generate – if it does not want to tighten the stocks any more – some incentive for the agricultural sector, since the wheat harvest enters in mid-December and the BCRA could buy some foreign currency. The fact of the matter is that the government already needs an exchange plan with a fiscal scheme behind it. We need the IMF by our side so that everything is coordinated. “

Official dollar

The Today the dollar rises three cents this Friday to $ 105.82 -without taxes-, according to the average of the main banks of the financial system, in a context of marked upward pressure for versions of the “unregulated” currency. In turn, the retail value of the US dollar it remains at $ 105.25 in Banco NaciĆ³n.

The savings dollar or solidarity dollar -which includes 30% of the COUNTRY tax, and 35% of Profit account- amounts to five cents to $ 174.60.

The Wholesale dollar rises four cents to $ 100.21, under the strict regulation of the BCRA.

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