The The blue dollar fell 50 cents to 208 pesos. Meanwhile, the cash settlement had a jump in the day and reached 214.68 pesos, with a rise of 7.6 percent. The Central Bank, meanwhile, managed to buy about 80 million dollars in the exchange market, consolidating the trend of the last few days. In turn, the wholesale dollar ended at 103.28 pesos and marked an increase of 56 cents during the week, the highest figure for a week in the last 10 months.
On the stock side there was a rise of 1.3 percent in the Merval index and some firms such as Central Puerto rose as much as 2.6 percent. The foreign currency bonds, in contrast, they had a drop of up to 1.8 percent. The country risk in this way returned to the range of 1800 points, with a rise of 0.8 percent on the day.
In the Government, meanwhile, progress is being made in new measures. This week, policies began to be implemented with the aim of reorganizing the structure of interest rates in pesos, which seek to improve the returns on fixed terms in local currency, and reduce incentives to purchase foreign currency.
The Central Bank announced a 2-point increase in the yields of the Leliq and at the same time a change in the way these securities are issued. Progress was made in creating a new 180-day Leliq, whose rate is set at 44 percent per year. The auctions will be held twice a week for the 28-day Leliq, and once a month for the 180-day auctions.
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