TN

2022-07-06 17:22:36 By : Mr. Green Lu

The blue dollar starts this Wednesday, July 6, at $240 for purchase and $250 for sale in the City of Buenos Aires.The official dollar is $131.75, while the solidarity dollar is $217.39.Also read: Blue dollar today: how much is it trading for this Wednesday, July 6At 2:00 p.m., the blue dollar is available at $240 for purchase and $250 for sale in the City of Buenos Aires.So far at noon on Wednesday, July 6, it's down $2.The gap with the wholesale dollar stands at 97.60%.The bleeding of officials in the Ministry of Economy continues.After the resignation of Martín Guzmán during the weekend, the Secretary of Internal Trade Guillermo Hang, who had been appointed at the end of May by the economist, leaves.The news was known in the middle of the meeting of the Minister of Economy Silvina Batakis with President Alberto Fernández.On the third day of her management, the Minister of Economy went to the Casa Rosada before announcing who will accompany her to the Palacio de Hacienda.The Minister of Economy, Silvina Batakis, was meeting this Wednesday with President Alberto Fernández while she defines the cabinet that will accompany her: it is estimated that she will officially announce it in the next few hours.As TN was able to verify from the Casa Rosada, the minister entered the presidential office after 1:00 p.m. to define the structure that the Ministry will have and the next economic steps.The cash with liquidation (CCL) is trading at $273.44 on the official screens.It accumulates 4.5% in the month and has an increase of more than 30% in the year.For its part, the MEP dollar is trading slightly lower at $264.21 on official screens.So far in July it increased 5.4% and accumulates 32.3% rise in the year.At 1:00 p.m., the blue dollar is available at $250 for sale in the City of Buenos Aires.So far at noon on Wednesday, July 6, it's down $2.The gap with the wholesale dollar stands at 97.60%.The official dollar is sold this Wednesday, July 6, at $132.So far this day, it's up 25 cents.Thus, the solidarity dollar is trading at $217.80.Inspectors from the Axel Kicillof government went out to control the supply in supermarkets, while the government negotiates the renewal of the plan, which expires this Thursday.In the midst of uncertainty due to the rise in the dollar and its impact on inflation, the government of the province of Buenos Aires detected shortages of products from the Care Prices program in supermarkets in the Buenos Aires suburbs, especially in large supermarket chains.The inspection took place prior to the expiration of the current stage of the program, this Thursday, and that the national government seeks to renew with fewer products and increases of 3% monthly average, as reported by TN.“After several weeks of observing good compliance on the part of the chains, problems in the supply of the products of the food, beverage, personal hygiene and cleaning basket are registered again.Regarding the fulfillment of prices and signaling of the products of the basket, good indicators are maintained, ”the provincial Ministry of Production reported in a statement.At 12:00, the blue dollar is trading at $250 for sale in the City of Buenos Aires.So far at noon on Wednesday, July 6, it's down $2.The gap with the wholesale dollar stands at 97.60%.The country risk rises to 2,654 basis points, an increase of 3.1% against the previous day.The Argentine debt bonds in dollars deepen the declines and operate with average reds of 1% after the collapse of more than 14% registered on Tuesday.While the Argentine shares listed on Wall Street move with losses of up to 5.6%.The biggest falls were for Tenaris (-5.6%);YPF (-4.5%) and Edenor (-4%).The sector lost reference prices and there was less activity in the steer market. Producers seek to keep them as a reserve of value in the face of the dollar's jump.What are the projections.The lack of dollars and exchange uncertainty, which worsened after the resignation of Martín Guzmán and the arrival of Silvina Batakis at the Ministry of Economy, also affect livestock.From the bovine sector they warn that there could be less supply of cattle as a "defense strategy" of the producers, which would lead to a new increase in consumer meat prices.To this, difficulties would be added to import some supplies and elements necessary for the refrigerators to advance with the so-called cutting, which this year would put an end to the classic half beef.In poultry and pig activities, they also warn that there could be shortages for the acquisition of equipment and "micro-ingredients" such as amino acids, which are necessary for the balanced feed with which the animals are raised.Also read Machinery and fertilizers: how the lack of dollars affects two key sectors of agricultureIn a dialogue with TN, the president of the Chamber of Industry and Commerce of Meats (CICCRA), Miguel Schiariti, stated: “The calves have become a reserve of value.The same thing that happened this Monday with the dollar will surely happen with the calves.In other words, the producers who can support the animals in the field, despite the very pronounced drought in much of the country, are not going to want to sell them and this is going to generate price increases.It gives me the feeling that there will be less supply of cattle, because it is a store of value.”The blue dollar is trading at $250.So far at noon on Wednesday, July 6, it's down $2.The gap with the wholesale dollar stands at 97.60%.This Wednesday, July 6, at noon, the dollar counted with liquidation is trading at $264.02.In this way, taking into account yesterday's value, it fell 3.7%.It is the exchange rate that arises from the operation that allows investors to buy Argentine papers in the local market and sell them abroad in order to turn foreign currency for "hoarding".At 11:00, the blue dollar is trading this Wednesday, July 6, at $242 for purchase and $252 for sale in the City of Buenos Aires.Thus, they remain at new historical highs.The gap with the blue dollar stands at 99.17%.Imports of spare parts and agro-parts were suspended due to "retroactive" restrictions.Phytosanitary companies negotiate alternatives with the Government.The restrictions on imports and the escalation of the parallel dollar after the resignation of Martín Guzmán and the assumption of Silvina Batakis in the Ministry of Economy generate disorders in different sectors that are key in the supply of elements necessary for the development of agricultural production, such as fertilizers and agricultural machinery.In dialogue with TN, the president of the Argentine Chamber of Agricultural Machinery Manufacturers (CAFMA), Eduardo Borri, criticized that the "rules of the game" have been changed retroactively, which means that some imports that were already on the way were not suppliers can be paid at the port.In this way, the agricultural parts that are fundamental for the manufacture of the equipment do not enter the country.Read also In the countryside they believe that "the country got worse" and doubt whether to continue with the strike of 13“There were importers who already had containers in the water, traveling to Argentina.We understand that extreme measures like these can be taken, but our proposal is that they do not modify the rules of the game backwards, because it becomes impossible to maneuver.They say that after you nationalize you have 180 more days to pay, but it's a chicken or the egg issue, because I can't nationalize if they don't allow me to pay.Obviously, those who make these decisions are looking at the macro but not the micro of what happens in each of the items.That is why we have to put these issues on the table”, he described.Since May, a new group has been affected by the restrictions and cannot buy foreign currency in banks.These are those who received the $18,000 bonus for informal workers, monotributistas of the lowest categories, the unemployed and employees of private homes.In the decree that formalized the "reinforcement of income" due to high inflation, it was noted that those who benefited from state assistance will not be able to access the foreign exchange market (MULC) for six months.The list of those who cannot access the quota of US$200 per person is completed with savers who:The price, minute by minute, of the blue dollar and other exchange options:In the wholesale segment, the commercial dollar is trading at $126.41.In this way, the gap with the blue dollar stands at 99.35%.The blue dollar is trading this Wednesday, July 6, at $242 for purchase and $252 for sale in the City of Buenos Aires.Thus, they remain at new historical highs.The gap with the blue dollar stands at 99.35%.The price of the oilseed closed at US$579 per ton in the international market.After the holiday this Monday, July 4, for Independence Day in the United States, the Chicago international market resumed operations with sharp price drops, especially in soybeans, which showed losses of US$19.84 per ton and closed at US$579 (July 22 contracts), due to improved weather in major regions of North America that would benefit spring crop yields.In a dialogue with TN, Eugenio Irazuegui, head of Research at the Zeni grain broker, explained the three factors that influenced the drop in the prices of agricultural commodities.He also read: Machinery and fertilizers in trouble: how the lack of dollars affects two key sectors for agricultureIn the first place, one of the determining factors is the improvement in the climate in the United States.“As the days go by, an appropriate to optimal water scenario is consolidated in the central agricultural areas.In addition, widespread rainfall was confirmed over the weekend and short-term weather forecasts ensure the necessary moisture for the first phenological stages in crops," the professional explained.In the early hours of Wednesday, July 6, the exchange rate to access dollars through cryptocurrencies is sold at $267.40."We are not shrinking from the lack of this fish," said one of the Japanese food businesses.With the restrictions to stop the outflow of foreign currency, which Martín Guzmán applied before resigning from the Ministry of Economy and the escalation of the blue dollar in the midst of the assumption of Silvina Batakis, large companies and SMEs were highly complicated when it came to imports of inputs and products.This is the case of sushi places that were affected by difficulties in importing salmon, the star fish of Japanese cuisine, and decided to replace it with trout, produced locally, generally in Patagonia.Also read: Cepo to the dollar: imports are still blocked and there are already 1,300 companies that have resorted to Justice to get out of the paralysisIn the social networks of Club Gastro Japo, which brings together a conglomerate of sushi restaurants in the City of Buenos Aires, he communicated through his social networks the problems that arose when they tried to import salmon, one of his star products.A report from the US bank analyzed the country's economic situation in the midst of the crisis caused by the resignation of Martín Guzmán and the arrival of Silvina Batakis.In the midst of the political and economic crisis uncovered by the resignation of Martín Guzmán from the Ministry of Economy, a report from the JP Morgan bank warns that Argentina already presents the necessary conditions for the escalation of prices to lead to hyperinflation."As economic history shows, political crises appear as necessary conditions for scenarios of very high inflation/hyperinflation," says the document prepared by analysts Diego Pereira and Lucila Barbeito.The report warns that "lack of political will" made a "stabilization program" to correct macroeconomic imbalances "extremely unlikely."This Wednesday, July 6, the prices of the different alternatives to access dollars in Argentina are the following:The blue dollar is available this Wednesday, July 6, at $242 for purchase and $252 for sale in the City of Buenos Aires.Thus, they remain at new historical highs.Accumulates an increase of $13 in a week of maximum financial tension.In the wholesale segment, the commercial dollar is trading at $126.13.With lower income from exporters and firm demand for energy payments, the Central Bank (BCRA) made sales for some US$180 million, according to market sources.On the previous day it had sold US$98 million and at the beginning of July it had sold US$190 million.In June, the wholesale dollar rose 4.02% and accumulated an increase of 21.39% in the first half.In May, the wholesale exchange rate rose 4.24%, the most important monthly adjustment so far this year.Also read: Imports are still blocked and there are 1,300 companies that resorted to Justice to get out of the paralysisDuring April, the adjustment of the commercial dollar reached 3.87% and the BCRA accumulated a positive balance in its intervention in the market of US$174 million.In March, the monetary authority had acquired US$275 million.The balance for February had been negative, with net sales of US$190 million.While in January it had closed with sales of US$130 million.The agency intervened in the market and accumulates three days in which it ends with a negative balance after the replacement in the Ministry of Economy.The blue closed at $252.The Central Bank (BCRA) again intervened strongly in the market this Tuesday to support the exchange rate.It sold US$180 million in a single day and accumulates three in which it ends with a negative balance.The fall in foreign exchange earnings due to the end of the harvest and the strong demand to pay for energy imports put pressure on Argentine reserves.The Minister of Economy, Silvina Batakis, said in the last hours that the Argentine exchange rate "is competitive", so the Government is expected to intervene to support it around current values.In the midst of uncertainty, demand grew to get the cheapest ticket on the market.Users reported some problems accessing the entities' web pages and apps.The prices at which the dollar is sold today in the different financial institutions.In the midst of uncertainty, demand grew to get the cheapest ticket on the market.Users reported some problems accessing the entities' web pages and apps.The prices at which the dollar is sold today in the different financial institutions.For its part, the MEP dollar is trading at $263 on official screens.In the first semester, the exchange rate rose 25.5%.In addition, the so-called "free" MEP stands at $264.90.In the first semester, this exchange rate increased 26.6%.The MEP dollar is an exchange rate that, like the CCL, is obtained by buying and selling shares or bonds.The only difference is that the resulting currencies are deposited locally.Economists consulted by TN recommended different financial instruments to go through the current crisis and protect capital.In any high volatility economic crisis, doubts grow about how to safeguard savings so that they do not lose value.Economists consulted by TN indicated that there are several alternatives, some more conservative, such as UVA fixed terms or durable goods (appliances, cars, properties) and others for those who are willing to take some risks, such as bonds or mutual funds. .The truth is that when inflation projections are so high, keeping savings in pesos under the mattress or in the bank account is not the best option because they lose value day by day.At the same time, restrictions on access to the foreign exchange market complicate the possibility of obtaining dollars, although there are other alternatives.Also read: Silvina Batakis, on exchange pressure: "The price of the dollar is competitive"A fundamental factor to choose which option is the most convenient according to the profile of each saver is the amount available to invest because the financial options will also depend on it.The blue dollar is trading this Wednesday, July 6, at $242 for purchase and $252 for sale in the City of Buenos Aires.Thus, it moves to new all-time highs and accumulates a rise of $13 in a week of maximum financial stress.The exchange rate to access dollars through cryptocurrencies is sold at $267.10.In the crypto ecosystem, however, there are different prices depending on the virtual wallet with which it operates.The solidarity or savings dollar is trading at $217.39.Solidarity was once again the cheapest option on the market to access dollars.The monthly quota of US$200 per person is still valid.It is the sum of the price of the official dollar plus the PAIS taxes (30%) and the withholding of 35% as advance payment of Earnings.This is the value with which one must be guided when acquiring foreign currency for savings or to carry out transactions (purchase of goods or services via credit or debit card) abroad.The solidarity dollar closed June with a rise of 3.8% and increased 20.7% in the first semester.The dollar operates this Wednesday, July 6, at $125.75 for purchase and $131.75 for sale on the screens of the Banco de la Nación Argentina (BNA).The change in the rules of the game complicated the release of payments to bring goods to Argentina.Added to the exchange situation was the uncertainty about prices generated by the resignation of Martín Guzmán.Since June 27, imports have been almost paralyzed.While the banks adapt to comply with the new regulations of the Central Bank, the importers are desperate and fear for their jobs, their clients and their production.According to the importers, the banks have operations blocked even before the new regulations of the Central, which established more restrictive import quotas and deferred payments for many products.Also read: The Central Bank sold US$180 million to contain the dollarFinancial entities had to adapt their systems to the new regulations which, according to official sources, are already active and working without problems.The inconvenience, a customs lawyer explained to this medium, is that the banks are asking for SIMI declaration categories (licenses) of type "A", that is, those that ensure that the purchase is being made within the quota, even when it was approved. before the new restrictions.This Wednesday, July 6, the prices of the different alternatives to access dollars in Argentina are the following:The blue dollar starts this Wednesday, July 6, at $242 for purchase and $252 for sale in the City of Buenos Aires.Thus, it moves in new all-time highs.Accumulates an increase of $13 in a week of maximum financial tension.Also read: Dollar, fixed term or durable goods?: the alternatives to invest savings in times of uncertaintyConsequently, the gap with the wholesaler stands at 99.7%.

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