Despite the Central Bank continuing to buy foreign currency, international reserves are still declining. In the last session, the monetary authority acquired US$ 120 million, resulting in a positive net balance of US$ 506 million for the week. Despite this outcome, gross international reserves decreased on four of the five business days, experiencing a deterioration of US$ 329 million. Thus, the reserves of the Central Bank reached their worst weekly decline of the month, closing at US$ 28.469 billion.
Regarding the exchange rate of the dollar, in the official retail market, the greenback was priced at $1,030.25 for buying and $1,089.07 for selling. At the Nacional Bank, it was sold at $1,080.25 and bought at $1,040.25. Meanwhile, in the wholesale market, the dollar was offered at $1,060.75, one peso above the previous close.
In relation to future dollar contracts, mainly declines were recorded. However, these contracts still do not reflect the 1% variation established by the BCRA nor the expectations of the participants of the Market Expectations Survey (REM).
On the other hand, the blue dollar closed at $1,230, placing the exchange gap at 16.6%. In the Electronic Payment Market (MEP), it operated at $1,204.10, creating a distortion of 16% with respect to the official exchange rate. The Cash with Settlement (CCL) decreased to $11,212.89, establishing a differential of 14.48% with the official exchange rate. The card dollar or "tourist" dollar, as well as the savings dollar, were priced at $1,404.33. Finally, the price of Bitcoin in Argentine pesos was $1,212.03, while it was quoted at US$ 99,171.66.
