Macroeconomy/Finance

The dollar surpassed the 100 pesos, and international reserves rose $57 mn

A new surge in implicit exchange rates, with increases of up to almost 8%, led the dollar to exceed 100 pesos on the stock exchange for the first time. El Contado con Liquidación shot up by 7.9% and drilled widely through the 100 pesos, to 102.21 pesos. The exchange rate gap widened to 56.3%, the highest since the end of 2015. The BCRA’s International Reserves rose this Monday by $57 million to $43.86 billion. This way, they accumulate a growth of $276 million in the last seven days.

Source: Ámbito

Categories: Macroeconomy/Finance