translated from Spanish: The dollar declines more than $1 after the announcement of greater involvement of the Central

With a rate of Leliq following by clouds (in the first tender of this Monday the average rate of cutting ranked 72,904%), but with the announcement of an intervention in the foreign exchange market by the Central Bank, the dollar is sold at $45,50 the ban co nation.

The impact of the announcement of the Monetary Authority was immediate on the market where the wholesale dollar began operating at $44.50, weight wheel forty-seven cents below the Friday closing. “As well and all, the exchange rate volatility stays and analysts were cautious to comment on the decision of the Central.” We said goodbye to in the area of non-intervention. You can help very short-term but if pressure continues, it may be a double-edged weapon given the limit of the reserves of free availability in the context of the closure of the markets,”warned Federico Furiase, Economist of the consulting firm Eco Go.Amilcar Collante, of the Center of economic studies of the South, spoke of the ‘concern’ authorities of the International Monetary Fund.

The IMF gave the go-ahead for intervention within ZNI. X as seen Largarde is quite concerned x – Amilcar Collante (@AmilcarCollante)
April 29, 2019

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Original source in Spanish