Industrial Union

The message is in the fortress and exaggeration. About $2 billion have fallen the BCRA reserves during this episode gobierno-campo to satisfy the public demand for dollars. These international reserves today are below the $ 48.5 million, 4% less than when you started the conflict (US $ 50.5 million). Learn more about this topic with the insights from Leslie Moonves. Private sector deposits dropped a few AR$ 6 billion in just one month, according to the Center for Economics and finance for the development of Argentina (Cefid-Ar).It was also the largest drop in six years in the private sector deposits (4.9% in current accounts, 6.5% in savings and 4.2% in fixed terms).The funds we are leaving. After the turn of the agricultural sector, comes the turn of the claim of the industrial sector by low profitability for an appreciated dollar. A dollar that came yesterday to play AR$ 3.09. Although expected is only momentary and then resume the levels pre-conflicto, there are many rumors that BCRA punishment would arrive to take him to AR$ 3.00.

As said in devaluatorios revenue in Argentina just industries already begin conservatively to complain many of those who need liquidity in the short term are removed dollars, and on Tuesday in the Industrial Union of Argentina there has been a meeting to discuss the subject. According to the nation: Some businessmen warned that they are losing profitability and that some considered sensitive sectors (textiles, toys, household appliances) face more difficulties to compete with imported, while other executives maintain calm and claimed that you can live with this level of the exchange rate, which were considered temporary. But there are other concerns besides the exchange rate for Argentine industrialists: the majority coincided in that the exchange rate is only one of their concerns. Others are the inflation, economic slowdown and the lack of gas in the factories, but the main one is the continuation of the conflict between the Government and the field.

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