This Wednesday the blue dollar rose again v while the tourist dollar reached $329.37 and the dollar Cash with settlement (CCL) at $336.79. With the fall in value of the Argentine peso, also in December 2023 the basic basket increased to $73,484.
Given these data Reprofile consulted the economic analyst Mariano Gorodisch who expressed: “The dollar at $360 is mainly due to the issuance made by the government. The account that is made is How many pesos does the government issue over the amount of reserves in the Central Bank? That account gives a dollar at 420 pesos”.
“On the other hand, I had the card dollar, known as the Qatar dollar. If you spend more than US$300 per month with a card or go abroad, the dollar is $375”. In this sense, “the Qatar dollar is at $375, it means that you still have at least $15 to raise because it should be more expensive than the dollar card because it is illegal”, Gorodisch affirmed.
Regarding the relationship of the dollar with daily life, the economic analyst expressed: “The case of milk, for example, the cow is in the field but the sachet uses imported inputs. Drought also plays a role. With this heat, fruit and vegetables are impossible to buy”.
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“There is nothing cheaper than orange at $260 per kg. The apple $600 per kg. Tomato $600 per kg. There is no fruit and vegetable that is at a reasonable price,” said the specialist.
“INDEC is going to give December inflation tomorrow. It will be at 5% which is a good figure, very much in line with the 4.9% in November. Thinking about the pocket of the Argentines, what is the Central Bank going to do? Because the fixed term has a high rate of 6.3%”, said Gorodisch who continued: “The fixed term pays you much more than inflation but the contraindication of this is that whoever needs money and asks for a personal loan from the bank has a financial cost of 300%”.
“How do you do when you have to pay the summary of your card? It has a very high rate, you have to finance it and everything is tied to the fixed term rate,” Gorodisch asked. And then he stated: “It would be news if the Central Bank lowers the rate since inflation remained at 5% and those who have less can finance themselves with credit that is not so expensive but The Central Bank has already said that tomorrow it will not lower the rate because if they lower it, the dollar will shoot up.”
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Regarding the rise in the dollar, Mariano Gorodisch asserted: “In the eleven days to date in January, the dollar has already risen 17 pesos, 5%. For those who have money, the dollar is convenient for a fixed term with a rate much higher than inflation.
Asked about what should be done if you have a little money, Mariano Gorodisch affirmed: “Today this is convenient to spend with supermarket merchandise more than the dollar or the fixed term because if you take advantage of the promotions with discounts, it is an intelligent purchase”, he concluded.
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