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Reserves: the Central Bank sold almost US$700 million in the first week of August to calm the market

The blue dollar closed the week on the rise and puts pressure on the official price again.  (Photo: EFE/André Coelho)

During the first week of August, which in the middle saw the inauguration of the new Minister of Economy, Serge Massa, the Central Bank (BCRA) lost nearly $700 million to try to make the new rise of the blue dollar do not move to the official listing of the US currency. This figure was higher than $653 million sold in the first week of July.

In turn, this Friday the entity chaired by Miguel Pesce released US$95 million for the same reason. In this sense, during the last eight trading days, the BCRA accumulated net sales for US$1,055 million, which represented the largest losing streak in the last two years.

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The blue dollar closed the week on the rise and puts pressure on the official price again. (Photo: EFE/André Coelho)

The bleeding of reserves occurred despite the fact that on Thursday, complying with part of the announcements made the day before by Massa, the monetary authority ordered two measures: one to boost the inflow of funds from abroad to prefinance exports; and one to enable access to dollar linked accounts (which until now were only allowed to producers of soy) to all exporters who anticipate liquidations more than 30 days with respect to the mandatory term.

The loss of reserves occurred while the new economic team of Sergio Massa refines measures to protect the coffers of the BCRA and in the midst of the umpteenth rise in the blue dollar, which closed the week at $293.

The strong increase in the value of the informal ticket after the resignation of Martín Guzmán had a brutal impact on inflation, and this will be reflected in the price index that the Indec will release in just days.

The new Economy Minister, Sergio Massa, is preparing new measures to try to safeguard the coffers of the Central Bank.  (Photo: NA/Damián Dopacio)
The new Economy Minister, Sergio Massa, is preparing new measures to try to safeguard the coffers of the Central Bank. (Photo: NA/Damián Dopacio)

Dollar today: how much the official and the other exchange options are trading this Friday, August 5

The official dollar was quoted this Friday, August 5, at $130.75 for the purchase and $138.75 for the sale on the screens of the Banco de la Nación Argentina (BNA). In this way, it accumulated a rise of $1.75 during the week.

For his part, the Dolar blue it operated upwards and is trading at $288 for the purchase and $293 for the sale in the City of Buenos Aires. On the previous day, it fell $7 after the first measures of the new head of the Palacio de Hacienda.

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Consequently, the gap between the blue dollar and the wholesaler is in 121.21%.

Dollar today: how much are the official, the solidarity, the MEP, the CCL and the wholesaler trading

Dolar blue: $293;

Official dollar: $138.75;

Solidarity dollar: $228.94;

Tourist dollar or card: $242.81;

Wholesale dollar: $132.90;

MEP dollar: $285.49;

Dollar CCL: $288.47;

Crypto Dollar: $291.80.

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