The government made this decision after a week in which the value of the informal and financial dollars recorded jumps that exceeded double digits in a few days. Financial dollars (the blue-chip swap rate and the MEP dollar) also recorded increases between 6.4% and 7.7% between Monday and Wednesday. The changes published today by the CNV are:Those who have short-term loans in force (taken or granted) will not be able to purchase financial dollars. In the Argentine market short-term loans that use financial assets as collateral are called “cauciones,” which operate similarly to margin loans. Some shareholders, managers, and employees of financial brokers may not buy and sell bonds in the same financial market in which the Central Bank intervenes by buying and selling bonds to control the value of financial dollars.

Source: Bueno Aires Herald May 02, 2023 00:33 UTC