In this way, the gap with the wholesale official reaches 91.5%, after exceeding 92% last Wednesday. The spread between both prices reached a maximum of 104% in mid-May.
Last Tuesday, the BCRA, together with the CNV and the AFIP, tightened access to the official exchange market for consumption abroad, purchases of foreign currency for savings and exchange operations with bonds, in order to protect the battered reserves.
Most analysts maintain that these measures will ease the pressure on reserves in the short term but are not sustainable in the long term and could cause an increase in exchange rate gaps, since devaluation expectations remain latent but the possibilities of accessing the official market are lower.
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