US EditionMaximiliano Ramírez Warned that the Rise of the Dollar Is Due to Seasonal Factors and Market Signals.
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6 Articles
By CNN Radio Argentina, Maximiliano Ramírez, economist and former Undersecretary of Macroeconomic Planning at the Ministry of Economy, analyzed the recent rise in the dollar, which brought the retail exchange rate to 1.255 pesos, the highest value of the year according to the Banco Nación exchange rate. On CNN Primera Mañana, he noted that "the Minister of Economy, Luis Caputo, was a slave to his own words," referring to official statements that…
The dollar in the banks for retailers is approaching $1,300 by sustaining the upward trend with which it ended last week. The listing for homebanking or window transactions reached $1,234 for purchase and $1,284 for sale with a $24 advance compared to Friday’s closing. In turn, the official dollar through the National Bank is set at $1,225 and $1,275 for both points, with an increase of $15 against the last closing. Meanwhile, the wholesale doll…
The dollar is not the national currency in Argentina, but it could very well be, given its decades-long centrality to the domestic economy and the level of obsession a large portion of citizens experience with fluctuations in its value. For the vast majority, salaries are not denominated in dollars, but many Argentines save in this currency, and there are several categories to consider: official, MEP, blue, tourist, stock market, soybean, blend,…
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