Regarding the participation of public organizations to anchor the rise in financial dollars, the director of the EcoGo consultancy, Federico Furiase, explained to Ámbito that this does not imply a 17% debt as it was circulating among economists but a loss of reserves.
"The BCRA absorbs pesos through the sale of bonds but so that the price of the securities in the market does not fall and avoid a rise in the gap, the monetary authority is forced to buy back those bonds in dollars, spending reserves ", he assured.
In that sense, he stated that" since November the monetary base would have been absorbed for $ 85,000 / $ 90,000 million and that would be related to a net reserve expenditure of $ 500 million. As long as there is supply of dollars in the official market, the BCRA has ammunition to keep the gap stable. "
The wholesale dollar closed the day at $ 88.94 per unit, 40 cents above the Friday closing. In this way, the currency exhibited a slight increase in its rhythm of daily adjustment (taking into account the compensation for days of inactivity) after registering last week the lowest correction since the third to last week of December, in line with the intention of the Government to reduce the inflationary impact of the rise in the exchange rate.
Market sources said that the wheel showed a new predominance of genuine income and active official participation to defend the price floor. In this sense, they affirmed that the BCRA concluded its interventions with a new positive balance, this time of US $ 40 million.
The monetary authority added more than US $ 400 million to the reserves so far in February , a figure much higher than the US $ 160 million for the whole of January . This performance is surprising since a February was expected with more pressure in the exchange market as a result of the decrease in the demand for pesos and the low settlement of dollars by exporting sectors for seasonal reasons.
However, the latter did not occur. for the moment; In the past week, the income of exporters of cereals and oilseeds totaled almost US $ 450 million, in a context marked by high prices of grains and some fears regarding a possible increase in withholdings in the future.
At the same time, the consulting firm Ecolatina highlighted that, based on the good news that comes from Brazil, our main trading partner, "this year there would be an improvement in our export prices -a rise in agricultural commodities-, a recovery in external demand and our production would be cheaper in relation to the Brazilian "which could underpin the genuine generation of foreign exchange.
" However, and as we have been arguing, the external tailwind must be accompanied by good economic policies -and hope that the second wave of coronavirus finds us with the largest amount of vaccinated population possible- ", he clarified.
For his part, the retail rose 28 cents to $ 94.23, therefore, the "solidarity" which includes the COUNTRY Tax of 30% and the advance on Profit account of 35%, advanced 46 cents to $ 155.48.
The blue dollar fell again after last week registering its sixth consecutive weekly decline according to a survey by Ámbito in caves in the city of Buenos Aires .
The parallel price falls $ 1 to $ 149 this Wednesday, for which the gap with the wholesale official drops to 67.5%, the lowest level since April 22, 2020.
It should be remembered that the informal dollar fell in every week of 2021 after reaching a ceiling of $ 166 in the last round of 2020.