Dollar today, blue dollar today: the minute-by-minute price of Friday, August 5 – Up Jobs News

The exchange day on Friday, August 3 ended with the Dollar Counted With Settlement (CCL) at $285.82, with a loss of 1.3%. As for the MEP dollar or Stock Exchange, closed at $279.71, down 2.3%.

At the beginning of 2022, the blue dollar was offered at $208 and, compared to the $293 it is currently trading, it can be seen that -with ups and downs- increased by 33.60 percent.

The currency increased by one peso and stood at $293 to sell and $288 to buy.

The economist, who according to official sources would be Sergio Massa’s next Vice Minister of Economy, spoke to La Nación + almost a month ago and made a diagnosis of the economic situation assumed by the previous head of the portfolio, Silvina Batakis, at that time: “The Universal Basic Wage project should be deactivated. Nor can Argentina assume medium-term commitments with pensions without contributions”, defended the then head of the GRA consultancy.

As for the big picture, Rubinstein was clear: “This is not the time to increase expenses, it is the time to be more austere and commit to comply with the agreement with the IMF which is almost the only anchor we have left to avoid inflation”.

The economist analyzed the first battery of measures presented by the new Minister of the Economy and ruled: “The good thing is that it freezes public spending.” In any case, he maintained that it is “a classic adjustment”, instead of an economic plan: “What is coming is not a stabilization plan, it is first to accommodate yourself in the agreement with the International Monetary Fund (IMF). Then, avoid an outbreak of inflation”, since he argued that the country is entering “a scenario whose sole objective is to avoid overflow”.

The price of the blue dollar retracts to $292 to sell and $282 to buyafter a jump in the first hours of the day that had left it at $294 for the sale and $284 for the purchase.

The incorporation of Gabriel Rubinstein to the Secretariat of Economic Policy not only completes Sergio Massa’s cabinet of collaborators but also shapes the technical profile of the area. This position is equivalent, in practice, to that of deputy minister of the Economy portfolio. Although Rubinstein is not yet confirmed, this is how the list of economic and productive management officials with Sergio Massa as minister would remain:

Alberto Fernandez and its brand-new Minister of Economy, Serge Massa, they shared their first public act since Massa arrived at the Cabinet. “Sergio knows, as I do, the obligation we have with each one of you,” said the president at the inauguration of a railway branch between Cañada de Gómez and Rosario, in the province of Santa Fe.

“Y that obligation is not going to stop, as none of the 5,000 public works we are doing, nor any of the 100 technical schools, nor the 120,000 homes we are building is going to stop throughout the country”, completed the president in the event that also included the participation of the Governor of the province, Omar Perottiand the Minister of National Transport, alexis warrior.

After a rise of four pesos that had left the US currency at $294, the price of the parallel fell back to settle at $293 for salewhile trading at $283 for the purchase.

The designation of Gabriel Rubinstein as the new Secretary of Economic Planning is the political news of the day, and the General Secretary of Editorial of THE NATIONJosé del Río, outlined in LN+ a brief portrait of the new official: “He is a man who is in line and much with Roberto Lavagna, he has much more to do with those who can be heard by the establishment.” Among his main concepts, he highlighted that the new minister:

In summary, Del Río summarized: “it assumes a history of measures that are much more orthodox or pro-market than state intervention.”

Alberto Fernández and the new Minister of Economy share their first act since the arrival of the former president of the Chamber of Deputies to the Cabinet. Is about the reopening of the passenger rail service between Cañada de Gómez, Santa Fe, and Rosario, which had ceased to function 45 years ago.

The financial or free dollars open the day with a downward trend: The MEP dollar quote to $283.35, which denotes a daily drop of $3 (-1%). On the other hand the dollar counted with settlement (CCL) yields $1 (-0.2%) and is positioned in the $288.89.

Shortly after noon, the different variants of the North American currency show some advances; the exception is the official dollar, which remains stable:

The dollar that can be accessed through home banking is tied to the official dollar price, which remains stable at $138.75. That is why the saving dollar, to which is added a 30% PAIS tax and another 35% of Profits, costs $228.93. Expenditures made in foreign currency abroad, which has 45% of Profits, have a reference price of $242.81.

the journalist Laura diMarco consulted the economist Marcos Buscaglia How many possibilities are there for the BCRA to add 7 billion dollars of reserves through loans and foreign exchange liquidation, one of the goals of Sergio Massa at the head of the ministry: “I see the loans as almost impossible, for this today the Argentina has to put up guarantees, like a bond, but since those bonds are worth 0.25 cents for every dollar, you have to put up so much guarantee that It is very difficult for them to give us a lot of money. How much can he get a billion dollars?.

The economist acknowledged that “Money from CAF (Andean Development Corporation) is going to come in, which is new, but the 1.2 billion dollars from multinational organizations were already committed.” Regarding the liquidation of agriculture, he maintained that “they have to give it a differential exchange rate”something that is not on the government’s agenda at the moment.

The price of the blue dollar jumped after the first half hour of the exchange wheel and it is already sold at $294. The official dollar remains at $138.75 for sale.

The first minutes of operations in the market do not affect the price of the Dolar bluewhich remains for the moment at yesterday’s values, which are $281.00 to buy and $291.00 to sell.

The appointment of the economist Gabriel Rubinstein as Secretary of Economic Policya position that is equivalent to that of deputy minister of the portfolio, invites us to review his economic thinking:

Until today, the head of the GRA consultancy maintained days ago, before the imminent arrival of what will now be his head in the ministry, that a “disorderly adjustment” was taking place in the country. He also insisted on the need to move towards fiscal balance and the reduction of energy subsidies.

Two of the most popular cryptocurrencies, the Plants Vs. Undead (PVU) and the Smooth Love Potion (SLP), have their updated price in dollars:

In an article titled “The Argentine Economy Minister Sergio Massa proposes the fiscal order to deal with the country’s economic problems”, the Reuters agency broke down the first measures of the new minister. The international agency focused on the fact that its proposals “included maintain a key fiscal deficit target [el 2,5% acordado con el FMI]as well as respect the debt commitments previously assumed”.

The The Secretariat of Economic Policy already has a new head: the economist Gabriel Rubinstein It was confirmed to LA NACION from the environment of Sergio Massa, brand new minister of the portfolio. The owner of the GRA consultancy has a long career in the financial market and was a director of the Central Bank during the management of Roberto Lavagna as Minister of Economy.

While in the first days of August the Central Bank does not stop selling dollars to contain the official price – yesterday it fell from 150 million – last month’s report, analyzed by the Group for the Study of Economic and Social Reality, shows that its net reserves accounted for US$ 3,974 million.

In an attempt to increase external financing in dollars, the new Minister of Economy had a phone call with the American Mauricio Claver-Carone, president of the Inter-American Development Bank. The official relationship with the international financial entity has come and gone, since on July 25 Claver-Carone questioned whether the country was in a position to access disbursements of up to 700 million dollars agreed with the organization. Two days later, the IDB approved a credit for energy infrastructure in our country with a first operation of 200 million dollars.

A study by the Argentine Catholic University on interactions on the social network Twitter showed that economic uncertainty increased by 6.5% in the month of July compared to June. The indicator closed the month with a 65.3%after reaching a maximum of 85.6% after the resignation of Martín Guzmán on the second day of last month. After the arrival of Sergio Massa, it fell to its current values from a peak of 76.8%.

The new organizational chart of the Ministry of Economy left vacant until today the post of Secretary of Economic Planning, which is equivalent to Vice Minister. After much speculation in this regard, it is expected that this afternoon the new economy minister will announce who will occupy this important position.

During the pass between Pablo Rossi and Eduardo Feinmann in LN + worrying numbers of reserves and deposits were reviewed. The economic journalist Guillermo Laborda asked to pay attention to the reserves of the Central Bank, which in yesterday’s exchange session sold 150 million dollars to contain the price of the official dollar: “Part of the dollars that would be sold to maintain the exchange rate could be from the banking reserve and not from the gold that it has in its portfolio.”

In turn, Pablo Rossi argued that “There is a trickle of deposits in dollars from private banks of people who withdraw them.” Laborda signed and gave it a number: “800 million pesos compared to 14,500 million of the total”, to which both agreed in the pass of their respective programs that “It is not a disaster but it is a sign that it is not reversing the expectation”

In the last operations on Thursday, Banco Nación offered the official dollar at $138.75Meanwhile he dollar savingwith a 30% PAIS tax and another 35% Profits, cost $228.93. When paying expenses made in foreign currency with the card, which has a 45% profit, the reference price was $242.81.

The US currency experienced a drop of 7 pesos in yesterday’s exchange wheel that left the blue dollar at $291 for sale and $281 for purchase, a decrease of 2.4% compared to the previous day.