On Monday, the dollar’s exchange rate dropped between ¢3 and ¢6 in the windows of commercial banks in the country. In the wholesale market, the reduction was ¢3.98.
The dollar’s early afternoon trading was between ¢582 and ¢584.50.
This is the third consecutive close to the fall since the Central Bank increased the Monetary Policy Rate and announced a new intervention modality.
Last week, the window exchange rate exceeded ¢600 for the first time. This alarmed companies and people who make transactions with dollars on a daily basis.
The Central Bank attributed the increases to an increase in the foreign exchange requirements of the sector linked to foreign trade, as well as a “dollarization” of savings.
In the country, 70.4% of the loans in dollars is in the hands of people and companies that are not generators of foreign currency.