Categories: Economy

Operation in yuan: challenges and limitations for investors in the Argentine market

Argentine stocks and bonds have risen in recent days. It is that foreign funds are waiting for a change of direction in the country’s leadership and are betting heavily on an orderly transition.

In this context, we communicate with loneliness lopezfrom Rava Bursátil, who spoke about the market situation and the new provisions for operating in the country.

Market situation

“Today bonds are going up 3.5%They are recovering part of the purchase price,” said López, who later completed: “I don’t think it has to do with the coupon payment on July 9.”

“The merval in dollars is falling by 1% but there is a very interesting volume of operation in YPF. In dollars, almost all the shares are falling except for some like Supervielle”complement.

yuan operation

Later, the interviewee said that “today the income cannot be reinvested directly.” “Value boxes are not immediate, they take 48 hours to appear in the accounts”, he detailed about the charge that will be given on Independence Day.

“No one has yuan in the country, it is completely unfeasible to operate the bonds in this currency”, said the expert about the new government measure that It allows you to operate in the currency of the Asian giant.

Anna Edwards

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