In a context of a declining dollar in international markets, the Argentine Government, along with the banking system, is working to stimulate the entry of undeclared dollars into the formal circuit by eliminating reports required by the former AFIP (now ARCA) and easing regulations that used to trigger mechanisms like the Suspicious Activity Report (SAR) when unusual movements were recorded.
The drop in the DXY index, which measures the dollar's performance against the world's major currencies, reached its lowest level since February 2022. This occurs alongside growing distrust toward U.S. Treasury bonds, whose 30-year yield reached 5.10%, its highest point since 2007.
Investors change safe havens
The U.S. government's trade policy is altering investors' decisions, who are abandoning sovereign bonds and migrating toward assets like gold and cryptocurrencies. Bitcoin reached a new record by surpassing USD 111,000, while global central banks are expected to start replacing bonds with gold.
This international context has a direct impact on Argentina. Yesterday, various companies made placements of Negotiable Obligations: Telecom issued USD 800 million at 9.5%, Pluspetrol USD 450 million at 8.75%, Supervielle USD 60 million at 4.5%, and John Deere USD 41 million at 7.5%.
