Tension due to the impact of the blue on the most sensitive prices

In recent days the escalation of the blue began to move the hornet’s nest, according to different economists it is due to several factors. On the one hand, the seasonal issue due to the vacation period. The blue dollar impacts prices, but not directly, others point out. Everyone agrees on the excess emission, one way or another the impact makes prices increase.

The green bill had reached 350 pesos. From the Ministry of Economy they affirmed that, after the holidays and the commercial movement that they entail, the exchange market would calm down in January, returning to a price of 340 pesos.

The informal currency had reached a record price last Tuesday, of $379, but after the announcement by the Ministry of Economy to rescue more than US$1 billion, it accumulates a drop of $5. Now, the gap between the blue and the dollar official wholesaler reaches 104.2%.

All exchange rates rose on Friday at the end of the week due to doubts about the debt buyback announcements that Economy Minister Sergio Massa will surely investigate.

On this subject, the economists Enrique Szewach and Miguel Kiguel criticized the repurchase of public debt titles announced by the Government because they understood that it would not have the desired effect, at the same time that they questioned the moment chosen when there is a rise in the price of bonds and They considered that the real objective is to stop the rise of the dollar.

PROFILE consulted different economists about what will happen to the exchange market in the coming months.

Fabián Amico, from Unmat, pointed out that “in the case of the blue dollar there is a seasonal issue, the fact of the holiday period that greatly limited the supply in the informal market, there is a supply problem that pushed the blue up. Depending on how the dollars are going to be in the next three months, this is going to have an impact on inflation.”

For Aldo Abram, executive director of the Libertad y Progreso Foundation, “parallel dollars generate several effects, one is an excess of issuance that is reflected in the prices of goods and services. The parallel dollar does not determine the price, it is the drop in the value of the purchasing power of this currency, but first it impacts the dollar and then prices, the rise”.

Finally, Lorenzo Sigaut Gravina from Equilibria suspects that “the issue of the gap, alternative dollar, if we know that as restrictions on imports increase, more opt for blue, although we see the impact limited in prices, we do not see a big impact on prices.