A country four times cheaper than all its neighbors, that was the opinion of the consulting firm Focus Market last week, when the jumps in the dollar and how it affected the Argentine currency, the peso, given the government instability shown by the Executive Power.
Source: (America TV).
And it is that, reacting to the Government is a daily task of all the markets towards all the countries of the world and Argentina has positioned itself in an impasse that implies having and not having investment relevance. The dollarthe financial axis of the country, moves according to this, especially the blue.
What is the dollar blue? It is called blue to the North American currency offered illegally in the famous caves at the hands of the “little trees”, people who are dedicated to negotiating prices with those who seek to avoid the tax burden of the State.
Source: (The Nation).
Given the new appointment of Sergio Massa and the departure of Silvina Batakis, —in statements to Ámbito— Daniel Artana, economist at the Foundation for Latin American Economic Research (FIEL) and professor at the National University of La Plata (UNLP), referred to this change: “Everything has been quite messy what has happened during the last month, but there is also the good news that we are going to have an Economy Minister with more weight.”
Dollar price on July 26
The official value of the official dollar is located at 130.64 pesos for the purchase and 139.08 for the sale. After marking a historical maximum of 350 pesos, the price of the blue it was 276 for purchase and 281 for sale; while the stock dollar remains at 274.46 and 274.92 pesos.
As for the solidarity dollar (which has taxes beyond the value mentioned in this note, such as the COUNTRY Tax), it is at 228.11 (it rose two pesos since last week). The CCL (Cash Dollar with Settlement, corresponding to the purchase of a bond in pesos, AL30, or in dollars, to sell it in kind C, AL30C) stood at 274.48 and 284.97. The gap between The currency Yankee and Argentina is still oscillating and is located on average at 140%.