The crisis caused concern in the markets and the dollar rose one peso

As for financial dollars, the price of the MEP that The one obtained by LA30 ended at 212.63 pesos (with a drop of 1%), and the one obtained by GD30 closed at 214.63, (with a rise of 0.5%). On the other hand, the cash with liquidation (CCL) was positioned at 222 pesos with a drop close to 0.3%.

With this, the CCL recorded its third consecutive drop since the triggered of 10% produced in January.

Resignation of reserves

The Central Bank (BCRA) started February losing another 50 million dollars of its weak net reserves due to selling interventions in the market. For analysts, the data is disturbing because the figure implies that it had to contribute 31% of the currencies operated to meet the purchase orders that passed the demanding official sieve. The sale aimed to get the wholesale dollar to close at 104.92 and 105.12 per unit for buying and selling, respectively, 10 cents higher than Monday’s close to maintain the sliding pace proposed last week.

In the economic environment, Máximo’s resignation had different interpretations. There are analysts who consider that it is not decisive to expect swerves from the operators in the market, although it does increase uncertainty.

Actions

In that sense , the local square accompanied a “mixed” climate of the US market, with ups and downs, waiting for reports such as unemployment in the northern country. The Argentine assets of the leading panel ended mostly on the rise, Rava Bursátil said. ) with 1.79%. Likewise, the one that presented the greatest decrease was Cresud (CRES) with a decrease of 0.83%. In this line, the Merval index ended with a rise of 0.56%, and stood at 91,416 points.

On the side of fixed income, more specifically sovereign bonds in dollars, After gaining momentum due to the principle of agreement with the IMF, this Tuesday both local and foreign legislation ended with general declines, with the exception of AL30D, which, in addition to being one of the most traded, managed to end with a rise of 0, 41%.

This could have been due to the future admission of the agreement to the National Congress for its approval where the Government today presents obvious complications, “which generates uncertainty in the investing public,” added Rava.

Thus, the country risk rose 1.3% to 1,747 points.

Collection cooled

On the other hand, on Tuesday afternoon the data was known that the national collection started the year practically stagnant .

It was 1,171,943 million pesos, which was 51.6% higher than that of January 2021, and discounting inflation it would have grown only 1% in real terms, indicated the Argentine Institute for the Analysis of Fiscal Reality (Iaraf).

Among the main taxes, the most decisive growth was that of security resources. Social Security with a real increase of 9.6%, followed by Earnings with 6.2%.

“The check tax also grew in real terms above 9%; while the other tax related to the activity, such as VAT, had a growth of only 3.2%, influenced by a high base of comparison that January of last year showed”, explained the Iaraf in its analysis.

Precisely the high base of comparison that was 2021 meant that taxes on foreign trade were not decisive in the growth of collection. “Export duties, for example, showed a sharp drop of 42.9% real year-on-year. It should be noted, however, that, at real values, January 2021 had been an absolute record collection month for this tax”, indicates the analysis.

A key piece of information for Córdoba was also known on Tuesday: the commercial exchange with Brazil showed a significant moderation in January. It reached 1,739 million (+12% compared to January 2021) when in the last three months of 2021 it had averaged 2,316 million per month +43.8% year-on-year). For its part, the trade balance was in deficit by 148 million dollars.