US EditionDollar Today: Official Listing Reacts with Casualties After Announcement that the Government Will Intervene in the Market
26 Articles
26 Articles
After a new rise of the dollar yesterday, the Treasury revealed that it will begin to participate in the exchange rate wheel. This contradicts the scheme of floating bands and deflates prices.
After avoiding it and looking for different indirect ways to contain the currency, the Ministry of Economy whitewashed that they will go out to operate in the exchange market.
This was reported by the Secretary of Finance, Pablo Quirno, on social network X; it occurs in a context of increasing exchange rate pressure due to the proximity of the elections and the audio scandal
Prior to the start of the operations, the Secretary of Finance, Pablo Quirno, posted that the Treasury will go out to intervene in the exchange market to "contribute to its liquidity and normal functioning."In the wholesale market they operated throughout the wheel u$s 646 million and operators agreed to emphasize that the official sales were located around the u$s 100 million. In the future market there were falls of 12 pesos in the contracts a…
After the announcement of intervention in the exchange market by the economic team, the government began selling foreign exchange to avoid an escalation in the exchange rate, in the week prior to the Buenos Aires elections. According to Noticias Argentinas. the BCRA sold dollars, after the government’s decision to intervene was known. The official dollar quote was agreed to $1361 for sale, and 611 billion were negotiated. “The National Treasury …
The official dollar fell eleven pesos after Tuesday the national government confirmed its intervention in the sale of foreign exchange to contain the exchange pressure. Earlier this day, Finance Secretary Pablo Quirno pointed out on social networks that the Treasury, through the Central Bank, was going to participate in the Single and Exchange-Free Market (MULC) for “in order to contribute to its liquidity and normal functioning.” At the wholesa…
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