the price of September 5, 2022

The exchange market traded all day with the news of the announcement made last night by the Minister of Economy, Sergio Massa, who made a new soybean dollar official. In this context, the Dolar bluewhich is in clear decline, dropped 15 pesos to $270 in the caves of downtown Buenos Aires and the financial dollars closed with a downward trend of more than 2%.

Specialists pointed out that with the measure -in dollar “bill” terms- the producer will receive US$265 per ton from US$179 in August and US$155 in July, which represents a marked improvement in the income of the producers and that could encourage them to sell their grains more quicklya.

However, analysts warned that the initiative is harmful for the medium and long term, from the monetary point of view, since the difference between the dollar paid to exporters of the soybean complex for $200 and what is sold to importers for $140 will be $60 and it will be covered by the BCRA with a loss in its equity, which directly implies a further expansion of the monetary base.

In this context, in the stock market, the dollar counted with settlement (CCL) fell to $282.91, while the MEP (Electronic Payment Market) fell to $274.89.

In turn, the price of the official dollar closed today at $147.05, up $1.19 compared to Thursday, the last business day after Friday’s holiday. In the wholesale segment, the price of the US currency registered an increase of 30 cents compared to the previous closing, at an average of $139.03.

How much is the blue dollar trading today

The blue dollar was trading at $270 to sell and $266 to buy.

How financial dollars operate

In the stock market, the dollar counted with liquidation (CCL) fell to $282.91, while the MEP (Electronic Payment Market) fell to $274.89.

The blue dollar is trading at $270 this Monday

Soybean dollar: $200

At a press conference, the Minister of Economy, Sergio Massa, announced that during the period from September 5 to 30, producers of the soybean complex will be able to liquidate dollars at a differential price of $200 per dollar (around $70,000 per ton). . The head of the Palacio de Hacienda added that there is a “guaranteed minimum” settlement scheduled with liquidators of US$ 1,000 million for the next 3 days and US$ 5,000 million for the month.

Likewise, he said that those who liquidate more than 85% of their holdings through this mechanism will be eligible for new benefit programs. With regard to the increased collection via export duties as a result of the higher exchange rate, Massa said that they will be applied to programs of regional economies and social assistance to vulnerable sectors.

What is the price of the official dollar

The price of the official dollar closed today at $147.05, with a rise of $1.19 compared to Thursday, the last business day after the holiday on Friday.

In the wholesale segment, the price of the US currency registered an increase of 30 cents compared to the previous closing, at an average of $139.03.

Thus, the dollar with the 30% surcharge -considered in the PAÍS tax-, marked an average of $191.16 per unit, and with the 35% advance payment on account of the Income Tax on the purchase of foreign currency, $242, 63.

Meanwhile, the dollar for tourism abroad -and which has an aliquot of 45%- stood at $257.34.

Market sources estimated that the monetary authority ended the day with a negative balance of US$ 9 million, with which it cut 16 consecutive rounds with purchases in the Single Free Exchange Market (MULC).

“The monetary authority registered the first negative balance of the month in a round in which the demand was accumulated to meet obligations abroad, with no sales of the soybean complex on the date,” said Gustavo Quintana, an analyst at PR Corredores de Change.

The exchange rate gap

Finally, the exchange gap between the retail dollar issued by the BCRA and the different exchange rates is as follows:

  • Blue: 83%
  • LCC: 92%
  • MEP: 87%

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