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Dollar live today: the free price drops to $291 and stock parities are stable

The Central Bank today sold USD 125 million, the highest figure in almost three months

The entity ended its foreign exchange participation of the day with a significant selling balance; in October it accumulated net sales of USD 489 million

The central bank ended its activity in the wholesale market with sales of about USD 125 million to meet market demand, the largest negative balance since last August 4, in a session with a very important amount operated for USD 474.4 million in the spot segment.

The “tourist” dollar rises to 327.29 pesos

According to the Central Bank, the retail exchange rate reached $163.65 this afternoon in the average of banks, with an increase of 1.07 pesos, with extremes at $165.50 (Brubank) and $160 (Online Changes), while which is sold at Banco Nación for 162 pesos. With the application of a total tax burden of 100 percent, the so-called “Qatar dollar” or “tourist” for consumption with foreign suppliers -with a floor of USD 300 per month- reaches 327.29 pesos.

The “Qatar dollar”, due to the proximity of the World Cup, began to govern from last October 13, although banks are still adjusting the systems to cross information, given the possibility of using different cards issued by different banks or processors of payments for the same individual.

In summer, the demand for dollars for spending abroad is reactivated.
In summer, the demand for dollars for spending abroad is reactivated.

The demand for dollars for hoarding gave way

According to the Exchange Balance of the BCRA, in September individuals bought USD 625 million net, basically for expenses incurred with cards for consumption with non-resident suppliers, for a total of USD 391 million -with a 4% drop compared to the previous month-, and also for hoarding, for some USD 191 million in banknotes, a level 23.9% lower than the previous month.

For their part, institutional investors and others, both residents and non-residents, made net purchases in the month for 169 million dollars.

The BCRA released its report on the Evolution of the Exchange Market and Exchange Balance corresponding to September.
The BCRA released its report on the Evolution of the Exchange Market and Exchange Balance corresponding to September.

The stock market dollars operate disparate

While definitions about the “fine print” of the new official measures are awaited, since the Minister of Economy, Serge Massa, will announce this Monday the release of imports for those companies that pay with their own dollars. As they anticipated Infobae From the Palacio de Hacienda, anyone can pay for their imports under this modality and then enter the merchandise into the country. In addition, the approval will be achieved automatically.

This Monday, the dollars that are traded on the Stock Exchange through shares and bonds do not offer a definite trend, with a MEP that yields $294 and a “cash with settlement” at $307, both with few variations.

Financial dollars are traded with few variations.
Financial dollars are traded with few variations.

The free dollar falls to 291 pesos

The currency traded in the small parallel market cuts one peso in its sale prices, to 291 pesos. Thus, the “blue” dollar notes a slight rise of three pesos or 1% in the tenth month of the year, while since the beginning of 2022 the gain stretches to 83 pesos or 39.9%, well below the rate of inflation.

The calm of the dollar "blue" contrasts with the inflationary acceleration.
The calm of the “blue” dollar contrasts with the acceleration of inflation.

The wholesale dollar rises to 156.91 pesos

The sales positions in the wholesale segment of the dollar mark prices of $156.91 per unit, about 89 cents above last Friday’s closing price. So far in 2022, the official exchange rate has risen by 52.8 percent.

In October, the wholesale dollar advanced 6.5%.
In October, the wholesale dollar advanced 6.5%.

They study a more favorable dollar for agriculture after the drought and the daily drainage of reserves, which would not allow reaching March

The goal is to make the sector’s exports more attractive. But the alternatives have a higher inflationary pressure as a counterpart. Rate hike in the US and “Lula effect”

File image of a wheat field in Beaucamps-le-Vieux, northern France.  July 31, 2014. REUTERS/Benoit Tessier/File
File image of a wheat field in Beaucamps-le-Vieux, northern France. July 31, 2014. REUTERS/Benoit Tessier/File

The collapse of reserves of USD 766 million, due among other things to payments to the IMF for USD 525 million and sales to importers for USD 28 million, left them at USD 38,936 million. On the other hand, the constant fall of the yuan, continues to reduce them. On Friday, the Chinese currency lost 0.11%, which is equivalent to a loss of 20 million, too much for a country that counts dollars cent by cent.

The Government will free imports for companies that pay with their own dollars

The Minister of Economy will announce it this Monday. Those who import under this modality will validate an exchange rate of $300. The measure seeks to provide an outlet for those who today do not obtain authorization to import

It seeks to alleviate the recessive effect of import control, but maintaining the premise of "take care of the dollars" (EFE)
It seeks to alleviate the recessive effect of import control, but maintaining the premise of “taking care of the dollars” (EFE)

The Minister of Economy, Serge Massa, will announce this Monday the release of imports for those companies that pay with their own dollars.

In 2023, agriculture will contribute more than USD 41,000 million in exports

The Rosario Stock Exchange (BCR) projected for 2023 a strong inflow of foreign exchange in concept of agribusiness exports. The estimated amount is USD 41,276 million, just USD 380 million less than this year; In the midst of a context complicated by the effects of the drought and the late frosts that affect winter crops, prices came to the rescue.

In relation to the impact of the climate, in the core region, productive heart of Argentine agriculture, the wheat harvest would be almost 85% less than last season and the lowest since 2010. There would be a significant drop in yields and more than USD 1,500 million decrease in income from cereal exports. In addition, the specialists presented not very encouraging forecasts for the short term, since there could be new frosts in the southeast of Buenos Aires, and a little further, since “La Niña” would be in force until next February.

Even with the drought, agriculture remains the most surplus sector of the economy.
Even with the drought, agriculture remains the most surplus sector of the economy.

Issuance and inflation without a brake: half of the $1,000 bills entered circulation last year

Due to the persistent rise in consumer prices, today it allows you to buy a tenth of what you could five years before

The $1,000 bill displaced the $100 bill as the one with the largest circulation in Argentina (Lihueel Althabe)
The $1,000 bill displaced the $100 bill as the one with the largest circulation in Argentina (Lihueel Althabe)

The inflationary race of 2022 again leaves numbers for analysis that reveal the distortions produced in the economy by a growth in consumer prices out of control.

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