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 measures of the CB will dry up the supply of pesos
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The measures of the CB will dry up the supply of pesos
Third week
June 2018
The new board of the CB announced a set of measures to improve the functioning of the exchange market. In practice, they will bring a lower liquidity of pesos and will lead to a more balanced market by reducing the speculative demand of dollars. Also, the government has made an agreement with the grains’ sector for the liquidation of around USD 300 million daily during the rest of June. Today, it will start auctioning dollars when the market closes, so we believe there are good odds that the dollar will stabilize around 28, so long as there are no bad news in the international scene.
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