LIVE Changes in EconomyAfter the resignation of Martín Guzmán and the confirmation of Silvina Batakis as the new Minister of Economy, attention is focused on the markets this Monday.There was speculation with an exchange holiday, but prices started as usual.There is expectation for the march of the blue dollar and the financial dollars.The new Minister of Economy, Silvina Batakis, assured this afternoon after assuming her position that she will work to achieve fiscal balance, in line with the economic program of President Alberto Fernández.In a day of confusion and maximum price volatility after the abrupt changes in the country's economic leadership, the blue dollar shot up more than $40 this Monday to an unprecedented $280, although as the hours went by the strong jump moderated to almost half, according to a survey by Ámbito in the Foreign Exchange Black Market.A busy weekend was the one that the Government experienced, with the resignation of Martín Guzmán.Precisely, Emmanuel Álvarez Agis, one of the names that sounded strong to replace him in office, published a report from the consulting firm he directs and indicated that “the departure of former minister Martín Guzmán and the appointment of Silvina Batakis will mean an extremely complex week from the financial point of view. " for Argentina.He did an analysis on the dollarThe worrying words emerged from the report by the consulting firm PxQ, directed by Álvarez Agis.In the analysis of the Argentine economy, he made it clear that "these are difficult times to provide quantitative arguments to a crisis that is mostly political and self-inflicted, and that remains unresolved," he said.After the resignation of the Minister of Economy, Martín Guzmán and the confirmation of the arrival of Silvina Batakis to fill the vacant position, the opening of the markets in our country, and the information regarding the price of the dollar, were eagerly awaited.And in that sense, the beginning of the day shook the country with the unbridled rise of the US currency.The financial dollar registers strong this Monday in the midst of uncertainty after the resignation of Martín Guzmán and pending the assumption of Silvina Batakis as head of the Ministry of Economy.At the same time, the blue dollar reached $280.With estimated prices, since it is a holiday in the US, the dollar "counted with liquid" (CCL) -operated with the Global 2030 bond- climbed 11% and is close to $280, with which it touched a new historical nominal record.Thus, the gap with the wholesale exchange rate reaches 122%.In the midst of a climate of maximum uncertainty after the abrupt changes in the country's economic leadership, the blue dollar shoots up almost $30 and is close to $270, according to a survey by Ámbito on the Black Foreign Exchange Market.The parallel dollar jumped $29 (+12.1%) to $268, after touching the unprecedented $280 at the beginning of the day.Thus, the exchange gap between the informal dollar and the wholesale official exchange rate rises to 112.6%, the highest level since October 2020.The new Minister of Economy, Silvina Batakis, held a meeting with the head of the Central Bank, Miguel Ángel Pesce, and now she is meeting with her predecessor in office, Martín Guzmán.The series of conclaves are held in a day marked by the rise in the dollar and the volatility of the markets.In a day marked by the volatility of the dollar, and pending the assumption of Silvina Batakis at the head of the Ministry of Economy, several users of social networks who report complications to use the web and mobile applications of different banks.The new Minister of Economy, Silvina Batakis, will take office today at 5:00 p.m. in the White Room of the Casa Rosada.The challenges facing the new head of the Palacio de Hacienda are not easy at all and, in this sense, signs have already been given.At the official level, they reported that President Alberto Fernández gave Batakis three specific directives.The Buenos Aires stock market collapses more than 3% in the midst of a marked aversion to risk derived from the political tensions that led instead to the leadership of the Ministry of Economy.The resignation of Martín Guzmán as head of the Treasury and the appointment of Silvina Batakis as head of the portfolio with a more heterodox profile, creates an expectant climate in the financial market, operators agree.The S&P Merval stock index collapsed 3.19%, to 87,180.61 points, after accumulating a rise of 9% during the week.pass.The financial dollar registers a strong rise this Monday in the midst of uncertainty after the resignation of Martín Guzmán and pending the assumption of Silvina Batakis as head of the Ministry of Economy.The dollar "counted with liquid" (CCL) -operated with the Global 2030 bond- climbs more than 10% and exceeds $280, with which it touches a new historical nominal record.Thus, the gap with the wholesale exchange rate reached 101.1%.Meanwhile, the MEP dollar -also valued with the Global 2030- lost 0.7% to $247.90.Consequently, the spread with the official exchange rate reached 97.6%.After the greater exchange controls of the Central Bank decreed last Monday, the financial exchange rates accumulated a rise of about $15 (+6.5%) in the week.The blue dollar has no reference price.Many caves are not selling and those that do ask for up to S280, according to a survey by Ámbito in the Black Foreign Exchange Market, as a first reaction to the resignation of Martín Guzmán and the appointment of Silvina Batakis as head of the Ministry of Economy.The parallel dollar soars more than $40 (+17%) from $280 on Friday's close.Thus, the exchange gap between the informal dollar and the wholesale official exchange rate is close to 123%.The spokeswoman for the Presidency, Gabriela Cerruti, revealed Alberto Fernández's feelings after hearing the news of the resignation of Martín Guzmán.She said that the president found out "on Saturday afternoon" and that he called him by phone to notify him of the departure of the Government."It was a tense weekend with the resignation of Guzmán, he had been doing a great job but he made that decision for the reasons that he explained in his letter," Cerruti said Monday in radio statements.Cerruti confirmed that Silvina Batakis will be sworn in this afternoon at 5:00 p.m. "At the moment, the President is not expected to speak, but it may happen," she added.The blue dollar has no reference price.Many caves are not selling and those that do ask for up to S280, according to a survey by Ámbito in the Black Foreign Exchange Market, as a first reaction to the resignation of Martín Guzmán and the appointment of Silvina Batakis as head of the Ministry of Economy.The parallel dollar soars more than $40 (+17%) from $280 on Friday's close.Thus, the exchange gap between the informal dollar and the wholesale official exchange rate is close to 123%.The dollar today -without taxes- operates stable at $130.69 for sale this Monday, July 4, according to the average in the main entities of the financial system, while in Banco Nación the note remains at $130.25 for the sale.The Central Bank started July with sales of US$190 million, due to the demand for dollar savings and energy imports, indicated market sources.President Alberto Fernández will lead from 6:00 p.m. the act of promulgation of the Tax Relief Law for Small Taxpayers and the Self-Employed, at the Bicentennial Museum.The appearance of the President comes after the weekend agitated by the departure of Martín Guzmán from the Cabinet.In this way, he will return to the public agenda this afternoon when he heads from 6:00 p.m. the act of promulgation of the Tax Relief Law.This is an initiative promoted by the head of the Chamber of Deputies, Sergio Massa, which was approved in Congress last week on the verge of the date on which the AFIP performs the recategorization of the scales of the simplified regime.The economist and former Secretary of Finance, Daniel Marx, analyzed the arrival of Silvina Batakis at the Ministry of Economy: "I think there was a vacuum, but we came from many imbalances that we have to see how they are going to face," he said Monday to Radio with you.Before Batakis was confirmed as the new economy minister, Daniel Marx had expressed his concern about the country's economic situation: "Argentina is in a fragile situation and the appointment of the next economy minister cannot focus on changing the name, but we have to see what each one can contribute," he said.The leader of the Great Fatherland Front, Juan Grabois, referred on his social networks to the appointment of the economist Silvina Batakis as the new Minister of Economy, replacing Martín Guzmán."Dear @sbatakis I bank you strongly but I do not congratulate you; that of congratulating appointments does not fit me; I reserve the congratulations for when you implement the Universal Basic Salary. Hunt the pen and do not delay please!" Grabois published in his account on Twitter evoking the words of Vice President Cristina Fernández de Kirchner.Juan Carlos De Pablo spoke about the arrival of Silvina Batakis at the Ministry of Economy and analyzed the abrupt departure of Martín Guzmán from the government amid strong political tensions.The economist insisted that “we will have to see if the new minister is going to continue to be part of the problem” and added: “You have to give her the benefit of the doubt and be patient.I would still pay special attention to not end up believing [Carlos] Gardel, because he could pass”.Martín Guzmán's resignation came at a time of extreme tension in the financial markets and opens a new front of uncertainty in the complex economic situation.Thus, all eyes are on today's opening of the markets. Analysts consulted by Ámbito pointed out that greater unification in economic management to gain credibility and the new government policies will be key to the financial picture.The chief of staff, Juan Manzur, announced that this afternoon the new Minister of Economy, Silvina Batakis, will take office.Upon his arrival at the Government House, the official announced that "during the afternoon, if the technical documentation is completed, Batakis will assume its functions after the departure of Martín Guzmán."With the untimely departure of Martín Guzmán from the Ministry of Economy, the clear certainty is that a strong reaction is expected from the financial markets.All eyes point to the dollar, bonds and new announcements about the economic team that will accompany the brand new minister Silvina Batakis.“Shuffle and give again”, would be the premise of the official who will have a titanic task and many unknowns to solve.The blue dollar closed higher at the beginning of July, according to a survey by Ámbito in the Black Foreign Exchange Market, as a reaction to the tightening of the exchange rate clamp on companies to stop the bleeding of reserves.In June, the parallel currency accumulated an increase of $31.The parallel dollar rose $1 and ends the week at $239.Thus, the exchange gap between the informal dollar and the wholesale official exchange rate was close to 90%.The blue dollar accumulated an advance of $13 in the week, the most important for this period in a year.The Central Bank's board of directors made changes to the foreign exchange access policy on Monday to restrict some operations at a time when the country is facing a significant increase in imports.In this context, the dollar today -without taxes- rose 25 cents to $130.69 for sale this Friday, July 1, according to the average in the main entities of the financial system, while in the Banco Nación the note increased 25 cents to $130.25 for sale.The savings dollar or solidarity dollar - which includes 30% of the COUNTRY tax and 35% deductible of Earnings - rose 41 cents on average to $215.64.The wholesale dollar, which is directly regulated by the BCRA, rose 22 cents to $125.45.End of the month and closing of positions boosted the volume traded during the last trading session in all market segments, especially in the futures markets.In June, the blue dollar rose $31, which represents its biggest monthly advance in the year, after ending May at $207.Let us remember that last month, the informal dollar rose $6.50 or 3.2%, although it was below inflation (a floor of 5% is estimated), and the increase in the official exchange rate (+4.2% ).The parallel dollar rose 50 cents in April, and lost $11 in March, its worst performance in 14 months.Last February, it fell $6.50 (-3%), after rising $5 or 2.4% in January.So far this year, the informal dollar has advanced $31, after closing 2021 at $208.During the past year, the blue dollar registered a rise of 25.3% ($42), half compared to the inflation of the period (50.9%).However, it is worth remembering that in 2020 it had shown a sharp jump of 111% (compared to 36% inflation).The value of the blue dollar has a substantial difference with the official dollar, which is acquired in banks and has an established price.Its sale is in the informal market, without regulations or limits, and for this reason it is generally operated at a value greater than the official dollar.The content you want to access is exclusive to subscribers.The new minister took office in a ceremony in the White Room of the Casa Rosada in which officials, deputies, businessmen and trade unionists participated.Tel: 4349-1500 - Paseo Colón 1196, (C1063ACY) CABA Journalistic Director: Ricardo D'Aloia Chief Editor: Guillermo GammacurtaCopyright © 2022 Ámbito.com - RNPI Nº 5343956 - Issn 1852 9232 All rights reserved - Terms and conditions of use