2023-10-20 16:55:00
In the run-up to Sunday’s election, social networks already coined a new definition of the parallel currency: “the blue of the blue” in the face of the disparity in quotes of the “black” dollar. As the government continues to close the siege on illegal cave operators, there are fewer and fewer operations and different sales values are recorded. It is even difficult to know what the price of the informal one is. Adding to the situation is the extra seasoning of the uncertainty because nobody wants to part with the bills.
This is how he explained it to PROFILE Elena Alonsoeconomist Grupo Broda stating: “I think It is mainly due to the lack of supply and to the uncertainty that Sunday generates what may come next. Also the fact that people who want to dollarize at all costs pay any price, so there is also a game from that place,” he indicated.
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The fact is that, while most portals publish a value close to $900, there are others where the value far exceeds $1000. For example, this Friday the 20th they publish $1050 and $1010 for their selling and buying points.
Along these lines, the licensed financial analyst Gaston Lentini explained: “Having a blue of the blue was something unexpectedbut the number of controls that the AFIP has been carrying out in the last 10 days is such thatThe caves cannot operate with the fluidity or tranquility that they always operate. So, If one looks at the selling point, many They talk about a thousand, a thousand and fifty, inside I have heard one thousand ninety. However, For some reason, the majority of the media are taking the other side, which is the buying side, that is, the price at which the cave buys us dollars if we are going to sell them.”
According to the despair that often takes hold of people in times of extreme volatility, the financial advisor who grows for his investment advice on Instagram, indicated: “I I am a friend, first, of not despairing. Second, to talk to very trusted people you know, and then, something that seems to me to be a conservative alternative to that those people who have an investment account, for example, is to use a Common Investment Fund, which is subscribed and redeemed in pesos, but which includes negotiable obligations in dollars“he recommended.
In that sense, he explained that What the investor is doing with the little time left is dollarizing through a Common Investment Fundn. “For those who are more eager or know more about investment instruments, You can use negotiable obligations in dollars, such as the YMCIO, which is a YPF negotiable obligation in dollars, which yields close to 9% annually. I consider the risk to be quite low and it allows us, first, to pass the election dollarized and in one of those to sleep a little better,” he indicated.
Raids and arrests
The raids in the city paralyzed the activity yesterday, Thursday, and it is estimated that this Friday will be even calmer, to the extent that AFIP, Customs and the Federal Police They continue raiding exchange houses and supposed illegal “caves.” For example, the one designated as the king of the caves already has an embargo on his assets and a request for immediate arrest. Yesterday, the Financial Information Unit appeared as a plaintiff in the case for alleged money laundering maneuvers and links to the illegal exchange market.
It is worth remembering that the previous day the Federal Police carried out a series of procedures in the Buenos Aires downtown, as happened in previous days, with one objective in mind: stop the operation of the parallel market as much as possible to ensure that there will be no sudden movements in the days before the elections. And it seems to have worked, because strategists indicate that yesterday the market was paralyzed, just like what is expected for today.
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About, Nicolás Olivé Durandfinancial analyst Rudolphexpressed that “Today there is no super open market for now, but rather prices are seen between 900 / 1100,” he told PERFIL..
Regarding what happened the previous day, he said: “What happened is that the quote was doubled, so that for small operations you had a higher price between 950/970 and for larger operations a lower price between 930/950. “That was the market yesterday,” he added.
What happens to financial dollars
For its part, Cohen’s daily analysis shows that most of the financial dollars closed lower on Thursday. Thus he reports that within the free quotes, “the MEP with LEDs decreased by 1.2% to reach $919, while the CCL with ADRs increased by 2.7% to reach $985.”
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On the other hand, he explains that “the intervened quotes remained stable: the MEP with AL30 rose 0.5% to $890 (gap of 154%) and the CCL also increased 0.5% to $914 (gap of 161 %). Consequently, the gap between the gaps is around 6%, while the CCL/MEP exchange is around 5%.”
Regarding this Friday’s quotes for financial dollars, the dollar MEPalso know as dollar bagquotes at $900,12 for purchase and $902,75 for sale, while the dollar counted with settlement (CCL) is located on the blackboards $957,36 for purchase and $988,12 for sale.
Given the lack of blue prices, what price should be looked at?
Ariel Mamani, CEO of Inner angerconfirmed the opinion of his colleagues that “the blue dollar is trying to be controlled. Many exchange houses are not operating, and those that do have prices well above what is reported on the Internet,” he accepted.
Precisely, in the face of this dispersion, Mamani pointed out that there is a quote that can be taken into account: “The easiest way to see an estimate is the crypto dollarwhat It is the only free dollar beyond the blue. The problem is that It is as if we were trying to contain the force of a river: no matter how much we try to temporarily slow its course, ultimately the current will be released with an even more overwhelming force,” he admitted.
For example, this Friday the 20th and at the gates of the presidential elections on Sunday The crypto dollar is trading at $1070 and $1174.
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