Now $150 .. tomorrow $180 ? the gap will go to 30% plus , it doesn't take a rocket scientist to predict that !! Even Pagina 12 agrees..!
Dólar: qué pasa con la cotización | Los bancos no venden hasta adecuar sus sistemas y el blue llegó a 145<b>Los bancos frenaron las operaciones de compraventa de <a href="https://www.pagina12.com.ar/292426-pesce-defendio-las-restricciones-al-dolar-van-en-el-sentido-">dólares </a>para adaptarse a <a href="https://www.pagina12.com.ar/292287-dolar-como-queda...www.pagina12.com.ar
Pagina12 is reporting the Blue dollar jumped to 145 this morning, but that tends to be the reaction to any policy change, in my observation; people run to the dollar. Then again, given Argentina's unfortunate history, it's hard to blame them for thinking "BOHICA!".
I see very ugly things to come for the people of Argentina.Now $150 .. tomorrow $180 ? the gap will go to 30% plus , it doesn't take a rocket scientist to predict that !! Even Pagina 12 agrees..!
Many contracts here are set in USD but paid in ARS, especially in business since it is not easy for most Argentines to access or transact in USD on a regular basis but the parties need some price certainty to offset fluctuations and inflation.I used it to pay my rent. Came in handy. Any official documents require the use of the official so if you have access to dollars it's not bad.
But yes the official dollar is a farce.
I think the CCL rate WU follows is just a price reference. I do not believe WU actually passes the money thru the CCL market. Don't forget that there has been something like a 5 day "parking" of funds before cashing recently. And in many cases when I make small transfers of 300 dollars or less from the US I get the money into my ARG account the SAME day (zero fees).Am trying to get confirmed advice from an expert in this field, but looks like companies will be prevented from sending money via the CCL (the rate that I suspect WU uses to send its Argentine branch $$$ so it can keep paying out locally)
Am getting mixed information but things could suddenly change tomorrow it seems.. the government wants companies and as many people as possible to buy pesos at the official rate so that it can keep the difference.
Invest in Argentina! For every $100 you bring in, we will let you take out $50!
I guess we need to wait and see. But I doubt WU uses the CCL market. They don't need to. I suspect the demand of people transferring OUT is quite large. In any case WU has other financial mechanism to deal with imbalances. But yes, let's wait a few days and see where the price settles.Am not sure about this since WU Argentina deposits into bank accounts here and WU agents that give out the cash in Argentina. One has to wonder if the amount they collect here in Argentina (to be sent abroad) is sufficient to cover the amount it pays out, or WU abroad needs to pay WU Argentina to balance any deficit - in which case, they would more likely than not use the CCL like any company. Hence it gives them the ability to base their rates off of it even if just as a reference. If this door closes, then perhaps they would be like one of the other transfer companies with rates closer to the official.
Today the rate remains at 150 to the EUR, but the CCL rate is also like yesterday at 134 ... perhaps because no one is able/ willing to trade it at the moment as systems and internal policies are being reconfigured to reflect the new BCRA rules, and whole more official definition is being given to the “holding” rules.