US EditionThe Wholesale Dollar Touched the Roof of the Exchange Rate Band and the Central Bank Sold Usd 53 Million
16 Articles
16 Articles
The BCRA did not intervene in the exchange market since last April, when the stocks were lifted and the agreement with the IMF was closed. The retail listing ended at $1485 at the Banco Nación
The exchange rate reaches $1,485 at the Banco NaciónThe wholesaler rises 9.8% this month and is already at $1,474.5.
The official wholesale exchange rate reached $1474.50 during the midday; the government plans to defend the weight value when the currency perforates the upper limit stipulated in the exchange rate scheme
Strong buyer pressure raised all quotes. The retailer, between 1480 and 1495 pesos. The wholesaler first exceeded the roof of the float band and forced BCRA to intervene
Soy is a result of being an excellent “exchange coverage” in the current Argentine situation, characterized by increasing uncertainty and macroeconomic instability in the face of the growing difficulties experienced by the national government to continue intervening the price of the dollar. On Wednesday, the Central Bank (BCRA) dropped from 53 million dollars to contain the exchange rate after it reached the “ceiling” of the floating band establ…
The BCRA did not intervene in the exchange market since last April, when the stocks were lifted and the agreement with the IMF was closed. The retail listing ended at $1485 at the Banco Nación. For the first time since the beginning of the exchange rate band scheme agreed between the government and the IMF, the wholesale dollar reached the level of the upper band, today at $1,474.50. As planned, the Central Bank went out to offer foreign exchang…
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