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In a hot week for the dollar, the Central Bank sacrificed reserves to control devaluation expectations

Mount Equity Group Tokyo, Japan > News > Markets > In a hot week for the dollar, the Central Bank sacrificed reserves to control devaluation expectations

The dollar It is one of the variables that most expresses the fears of Argentines, who recall the devaluations that occurred after other electoral processes. For this reason, the Central Bank (BCRA) had to intervene with more than US $ 600 million in November to avoid a slippage in the official price and thus try to control devaluation expectations.

With the blue dollar in the lead, the parallel prices of the currency monopolized the attention in recent days. Those values record they generate expectations of devaluation in the official exchange rate. Therefore, they drive a greater demand for foreign exchange for savings and, also, more orders for dollars by importers, who seek to secure a more convenient price to buy products abroad.

Read also: Blue dollar today: how much it traded this Friday, November 12

However, in the official market the stability. Regulated by the BCRA, the wholesale dollar advanced 28 cents in the week…

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