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MEP is trading below $950 and CCL hits three-week lows


December 26, 2023 – 12:06

The MEP dollar lost $6.68 (-0.7%) to $947.55. In turn, the CCL dollar falls $17.94 (-1.9%) to $923.78.

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He MEP dollar falls off this Tuesday, December 26 and is trading below $950. Meanwhile, the Cash with Settlement( CCL) deepens its downward trend and touch three-week lows. This happens one day from Christmas holidaya day in which the local and international markets did not operate.

In that framework, the MEP dollar gives up $6.68 (-0.7%) until $947.55. In this way, this type of change marks a gap of the 17.3% with the officer.

In turn, the CCL dollar falls $17.94 (-1.9%) until $923.78. Thus, the spread with the official exchange rate is located in the 14.4%. In this way, this type of change touches three-week lowsfrom the December 5, 2023.

For his part, the blue dollar rises $5 (+0.5%) to $950 for the buys already $1,000 for the sale, according to a survey of Ambit in the caves of the City.

The decree and the context for financial dollars

This happens a week after the president Javier Milei will sign a decree with more than 300 measures whose objective is to deregulate the economy, which includes the elimination of laws on price controls and the promotion of industrial activity.

The economist assumed the Presidency less than two weeks ago with a platform that aims for a drastic reduction in the size of the State and attack a complex fiscal deficit, generating a shock days ago when it devalued the national currency by 54.2%.

Congress must analyze the constitutionality of the decree, which is already in force due to its publication in the Official Gazette. The complex and controversial decree must be sent to a Legislative Bicameral Commission for your constitutional analysis firstand once this instance is settled, it will only lose validity if it is rejected by both chambers of Congress.

Argentina Last Thursday, it faced a maturity of some US$900 million with the International Monetary Fund (IMF) to avoid entering into default within the framework of an agreement for US$44,000 million.





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