Today’s session has brought many announcements and regulations, which are described in detail Country:
the free dollar fell again to $3 and Now listed for sale at $290. Overall, it is down $5 from last Friday’s close.
Since 1983, All holders of the Palacio de Hacienda were economists, accountants, engineers or lawyers with a master’s degree in economics, instead, Massa is a lawyer. In fact, over the past 39 years, there have been 31 managements and of these, only six were not economists: Hernán Lorenzino was a lawyer with a master’s degree in economics; Carlos Fernandez, Accountant; Nicolas Gallo, engineer; George Capitanich, accountant; Antonio Erman Gonalez, accountant; and Miguel Angel Rogue, engineer.
Invited to the LN+ screen this morning, The Economist Fausto Spotorno analyzed the economic situation of the country. Although he acknowledged that he is concerned that Sergio Massa’s deputy minister of economy has not yet been announced, the expert explained that the problems the new head of the Palacio de Hacienda will face are not macroeconomics, but ” Treasurer”, that is to say, how to handle the “box”. In this sense, Spotorno listed three main difficulties that Massa would face:
The US currency in parallel opened the trading day $2 below Friday’s close. After a long weekend, currency Trades for sale at $293 and purchase for $288.
American economist Steve Hanke at Johns Hopkins University, a former advisor to Carlos Menem and Domingo Cavallo, noted the loss of the value of the Argentine peso against the dollar and He insisted again with a recipe: to dollar the economy., For more than 20 years, experts have pointed out that the only way to avoid economic disaster is to adopt the US currency.
Consulting firm Focus Economics conducted a study in which it found . surveyed estimates of 53 of Argentina’s banks and advisors. From that, he estimated that from August 5 to the end of 2022, the official dollar would increase by approx. $33, According to this forecast, the value of the US currency without taxes, It will go from $133 to $166.3. On the other hand, by the end of 2024, calculations from that study indicate that the dollar will reach $277,40, According to La Nacion.
The retail dollar, which is regulated by the Central Bank (BCRA), opened an exchange round for purchase at $133 and $141 for sale On the board of Banco Nacional. These are the same closing prices as last Friday. On the other hand, the country’s risk appetite fell by 1.80% and remained at 2414 fundamental points.
In the last two years, Due to the stock enforced by the Central Bank (BCRA), fewer people can buy a quota of US$200 each month at a “solidarity” price, which is the price of the currency at the official exchange rate, with a surcharge of 30% for PAIS tax and a surcharge of 35% on account of taxes on income and personal property. Last June, according to the latest official figures, only 885,000 Argentines were able to buy “savings dollars”.
The bitcoin dollar, also known as the “crypto dollar” or . also called stable coins (considered as such because of its resemblance to the dollar), its value fell. On the Beunbit platform, DAI can be purchased for $287.70.
Nearly two weeks after Sergio Massa was assumed as economy minister, Details about the impact of the tariff split for natural gas and electricity services will be known this afternoon. This was confirmed yesterday to Telam by the new Secretary of Energy, Flavia Royan, who will be in charge of the official announcement and subsequent press conference, along with Minister Massa.
Over 10 million people signed up to have the subsidy, while 40 lakh did not. In case of electricity, the subsidy limit will be up to 400 kWh for consumption by those listed in the registry. For gas, 92m3.
Increase 9.5 points One of the reference rates arranged by the Central Bank (BCRA) Impact on Cost of Credit Card FinancingAlso in the interest of paying in installments, With this upload, Banks will apply at the rate of 71.5% p.a. For expenses up to $200,000 or US$200: a figure that was 62% earlier. As such, the effective annual rate (TEA) was 100.2%.
Last July, there was foreign exchange income from agriculture US$3.164.056.788, 17 percent less than the previous month. Although so far this year The figure has reached a new all-time high and is US$22,309,018,970: That is, 10 percent more than the same period but in 2021.
Last Thursday, the INDEC announced that inflation rose to 7.4% in July, which saw Argentina suffer its highest monthly change since April 2002. As published by LA NACION, it is A landscape that is not shared by other countries in the regionThose who in any case experience inflationary tendencies for the most part, always within their own standards:
Victor Hugo RosalesA Bolivian journalist showed on his country’s television how much the Argentine peso has devalued against the Bolivian currency in recent years. Thus, on RTP channel he said that, in 2009, 100 Argentine Pesos was equal to 220 BolivianoWhereas these days the same amount of Argentine Peso is equal to 1 Bolivian Peso and 50 cents.
The reference retail exchange rate, which is regulated by the Central Bank (BCRA), ended the exchange round on Friday. $141,50 and $133.03 for sales and purchases respectively.
Last Friday, parallel US currency day off $295 for sale and $290 to buy, Thus, there was a drop of $2 compared to the previous close.