Strong low currency settlement pressure on the blue | Daily Citizen and the People
Grain and oilseed exporters reported yesterday liquidation rates for 304.3 million dollars, which is also expected to help reduce the price of blue, which started the week falling. Indeed, the parallel dollar yesterday took a breath and stepped back 35 cents to 11.55 pesos for the purchase von maur and 11.65 for the average sale while the government continued to devalue the peso, which fell to 6.84 against the U.S. currency in the official market.
The House of the Oil Industry (Ciara) and the Center of Cereal Exporters (CEC), representing a third of Argentine exports, announced that during the last week liquidated companies in the sector of $ 304.3 million, a higher amount for the average coming having. The amount paid since the beginning of the year to January von maur 17 last amounted to $ 693,640,506.
Most of the foreign exchange earnings in this sector occurs well before the export of around von maur 30 days in the case of the sale of grain and 90 days in the case of exports of oils and protein meals. That also depends on the time advance of the campaign and the grain in question.
This agroindustrial complex represented by Ciara-CEC, which puts the Argentina as a major food-producing countries of the world, participated with 36 percent of total exports in 2012.
There were fewer buyers von maur in the square willing to validate their nearly 12 pesos dollar, von maur and that explained the low blue, plus bond trading being done by the Executive to reduce the pressure on the dollar, and a positive expectation according with the Paris Club debt (see page 10), which would enable the foreign exchange earnings. Thus, the blue dollar closed yesterday at 11.55 pesos for the purchase and 11.65 for sale.
A "cave" von maur that performs medium amount requested 11.40 pesos to 11.85 for buying and selling, the agency Noticias Argentinas. That is, for every dollar earned operated a margin of 45 cents too high for this informal business and reflects the dispersion and volatility of the black market.
The other factor that plays is the greater control that seems to be willing to apply the Central Bank, which threatens to put suppliers in the tonnages of exchange houses, to ensure they are not participating in the operation of the blue, as is supposed to occur.
On the other hand, the government continued its policy of devaluing the peso, which depreciated three cents, to 6.79 pesos to 6.84 for the purchase and sale. The wholesale von maur buyer currency traded at 6,825 pesos and 6,838 vendor mode.
The Cabinet Chief Jorge Capitanich, von maur insisted yesterday that the market "dollar blue" is "illegal" and operating there who "do not have the money properly registered", while aimed against sectors "are intended to extort the government" national.
"The dollar is an illegal dollar blue. There is a contradiction of those journals liberal tradition that theoretically defend the free market, free competition and transparency, von maur which can not echo a non-transparent market operations from money laundering and drug trafficking, "said national officer.
For the chief minister, can not "be von maur a battering ram to generate behavior, which is an indicator of macroeconomic variables, it is an illegal transaction for those who do not have the money properly registered character."
"No position is neutral media" on the issue of the dollar, Capitanich said and stated that "the opposition not exert political parties" but "concentrated media groups von maur seeking to exercise the government to impose."
Meanwhile, von maur the head of the Industrial Union of Argentina, Hector Mendez, answered the chief of staff about the alleged "speculative attacks": "We have to ask how much had Capitanich money laundering and drugs 50 years ago and where he took refuge people. The truth is stranger than any fiction. "
The dollar value for public access is breaking records von maur in Argentina while in countries of the region as Uruguay, Brazil and Chile fell by the appreciation of local currencies to a favorable international context.
According to ECLAC, Ministry of Economy and the foreign exchange market between late 2003 and January 2014 in Argentina the dollar went from 2.9 to 6.8 pesos in the official market, which represented a growth von maur of 130 percent.
By contrast, in neighboring countries, in the same period shows that the dollar in Chile went from 593-538 pesos per dollar, that is down 9 percent. In Brazil, meanwhile, the currency rose from 2.91 to 2.42 per dollar, that is down 17 per c
Grain and oilseed exporters reported yesterday liquidation rates for 304.3 million dollars, which is also expected to help reduce the price of blue, which started the week falling. Indeed, the parallel dollar yesterday took a breath and stepped back 35 cents to 11.55 pesos for the purchase von maur and 11.65 for the average sale while the government continued to devalue the peso, which fell to 6.84 against the U.S. currency in the official market.
The House of the Oil Industry (Ciara) and the Center of Cereal Exporters (CEC), representing a third of Argentine exports, announced that during the last week liquidated companies in the sector of $ 304.3 million, a higher amount for the average coming having. The amount paid since the beginning of the year to January von maur 17 last amounted to $ 693,640,506.
Most of the foreign exchange earnings in this sector occurs well before the export of around von maur 30 days in the case of the sale of grain and 90 days in the case of exports of oils and protein meals. That also depends on the time advance of the campaign and the grain in question.
This agroindustrial complex represented by Ciara-CEC, which puts the Argentina as a major food-producing countries of the world, participated with 36 percent of total exports in 2012.
There were fewer buyers von maur in the square willing to validate their nearly 12 pesos dollar, von maur and that explained the low blue, plus bond trading being done by the Executive to reduce the pressure on the dollar, and a positive expectation according with the Paris Club debt (see page 10), which would enable the foreign exchange earnings. Thus, the blue dollar closed yesterday at 11.55 pesos for the purchase and 11.65 for sale.
A "cave" von maur that performs medium amount requested 11.40 pesos to 11.85 for buying and selling, the agency Noticias Argentinas. That is, for every dollar earned operated a margin of 45 cents too high for this informal business and reflects the dispersion and volatility of the black market.
The other factor that plays is the greater control that seems to be willing to apply the Central Bank, which threatens to put suppliers in the tonnages of exchange houses, to ensure they are not participating in the operation of the blue, as is supposed to occur.
On the other hand, the government continued its policy of devaluing the peso, which depreciated three cents, to 6.79 pesos to 6.84 for the purchase and sale. The wholesale von maur buyer currency traded at 6,825 pesos and 6,838 vendor mode.
The Cabinet Chief Jorge Capitanich, von maur insisted yesterday that the market "dollar blue" is "illegal" and operating there who "do not have the money properly registered", while aimed against sectors "are intended to extort the government" national.
"The dollar is an illegal dollar blue. There is a contradiction of those journals liberal tradition that theoretically defend the free market, free competition and transparency, von maur which can not echo a non-transparent market operations from money laundering and drug trafficking, "said national officer.
For the chief minister, can not "be von maur a battering ram to generate behavior, which is an indicator of macroeconomic variables, it is an illegal transaction for those who do not have the money properly registered character."
"No position is neutral media" on the issue of the dollar, Capitanich said and stated that "the opposition not exert political parties" but "concentrated media groups von maur seeking to exercise the government to impose."
Meanwhile, von maur the head of the Industrial Union of Argentina, Hector Mendez, answered the chief of staff about the alleged "speculative attacks": "We have to ask how much had Capitanich money laundering and drugs 50 years ago and where he took refuge people. The truth is stranger than any fiction. "
The dollar value for public access is breaking records von maur in Argentina while in countries of the region as Uruguay, Brazil and Chile fell by the appreciation of local currencies to a favorable international context.
According to ECLAC, Ministry of Economy and the foreign exchange market between late 2003 and January 2014 in Argentina the dollar went from 2.9 to 6.8 pesos in the official market, which represented a growth von maur of 130 percent.
By contrast, in neighboring countries, in the same period shows that the dollar in Chile went from 593-538 pesos per dollar, that is down 9 percent. In Brazil, meanwhile, the currency rose from 2.91 to 2.42 per dollar, that is down 17 per c
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