Economic authorities are maintaining their schemes strongly despite rumors about possible changes in the agreement with the IMF, according to Gustavo Quintana from PR Corredores de Cambio. Quintana states that these rumors should not affect the liquidation of the agricultural sector, although the positive balance for March fell below $100 million, standing at $94 million.
The rumors about changes in the agreement with the IMF coincide with the currency liquidation from the major agricultural harvest, raising concerns about the dollar inflow into the market and the reserves of the Central Bank. Gabriel Caamaño points out that the dollar liquidation from agro-exporters has remained low, around $80 million daily in the last week.
The Central Bank had to sell $56 million from reserves this Monday to meet demand in the official exchange market, while Caamaño indicates that foreign exchange income could continue to be low in the short term. Pedro Siaba Serrate from Portfolio Personal Inversiones rules out that the rumors about changes in the exchange scheme will materialize.
Amidst these speculations, Nicolás Merino from ABC Mercado de Cambios considers it unlikely that the Government will implement a devaluation jump, given the signals presented so far. He emphasizes that many producers need liquidity to purchase inputs, which limits their ability to retain foreign currency. In just two days, the loss of foreign currency reached $530 million.
