Por Miguel A. Kiguel
Todos sabemos cómo funciona el cepo, y hemos aprendido a vivir con tasas de interés reales negativas, a usar el dólar Contado con Liqui para eludir los controles...
The balance of the first week with FX controls
Weekly Reports |
Back to
Back to :
The balance of the first week with FX controls
Second week
September 2019
So far, the current controls have been enough to bring some calm to the FX market and to stabilize the wholesale exchange rate at 56 pesos per dollar, while the CB has modified its way of intervening: it is no longer using auctions in which it pre-announces the amount it will sell but instead it makes discretionary interventions. From what can be observed after they released their monetary statistics, the reserve sales fell between USD 100 to 150 million daily, compared to the average USD 300 million prior to the normative change.
Other Reports that may be of interest
 |
 As expected, the Fund's Board of Directors approved the review of Argentina's program, although it made it clear that Massa failed to meet all goals. The IMF applauds the fiscal effort promised by... |