The blue dollar was trading late in the evening at $1,395 for purchase and $1,415 for sale.
Leandro Renu
There are two sides to every story. While President Javier Miley proclaims Luis Caputo the best economy minister in decades, the two of them reflect on what they mean by downward inflation; Side B reflects the concerns, denials and admissions of a Treasury official, combined with the warnings that the private sector gives him in low-key conversations about the perilous bottleneck in which the government’s economic plan, not the plan, finds itself. These hidden fears and ideas explain why the markets do not trust Miley in a week that has once again proven to be difficult and unstable on the economic and political fronts. And in which he was forced on Saturday at noon through social networks in a very unclear way and in the absence of the country’s president to announce a desperate measure such as the sale of dollars, which are in short supply, to try to stop the escalation of the parallel, which, as will be seen below, are already affecting prices
.The official dollar closed at $900.50 for purchase and $940.50 for sale.
After a new decline, the blue dollar began trading at $1400 for purchase and $1420 for sale.
The cash price falls along with liquidity and is $1,348.62 when buying and $1,351.87 when selling.
Raoul Dellatorre
“Let’s see, let’s put it in context: if I take, for example, the dollar that (Silvina) Batakis had before Massa took office, I bring it to today, it will be worth 3,000 (pesos). So no panic. “Zero” panic, “answered Javier Miley, President of the Nation, when asked if he was worried about the jump in financial dollars to 1,400 and 1,500 pesos. Despite this, a few minutes later he made a decision typical of a state of panic. In the same report, he broke the sensational news: the Central Bank was going to use the dollars it receives to settle exports to “intervene”, selling them on the unofficial currency markets to “close the gap” (the difference in price with the official dollar).
With the rise of the official dollar, the card dollar began to trade at $1,504.80 when buying and $1,504.80 when selling.
The first transactions with the blue dollar are carried out below the closing price on Friday.
The exchange is made at a price of $1420 upon purchase and $1450 upon sale.
The official dollar opened at $900.50 for purchase and $940.50 for sale.
Alfredo Zayat
The President, in charge of the Ministry of Economy, and his Minister of Economy, the head of the Treasury Palace, are in exchange and financial verification.
The pieces they’ve been moving in recent weeks have left them in a more vulnerable position. What happened Saturday morning has pushed them further into a corner.
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