{"id":178519,"date":"2026-10-22T20:19:55","date_gmt":"2026-10-22T23:19:55","guid":{"rendered":"https:\/\/hanin.org.ar\/?p=178519"},"modified":"2026-10-22T20:19:56","modified_gmt":"2026-10-22T23:19:56","slug":"%ec%98%a4%eb%8a%98%ec%9d%98-%ea%b2%bd%ec%a0%9c10%ec%9b%94-22%ec%9d%bc","status":"publish","type":"post","link":"https:\/\/hanin.org.ar\/?p=178519","title":{"rendered":"\uc624\ub298\uc758 \uacbd\uc81c(10\uc6d4 22\uc77c)"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full is-resized\"><img fetchpriority=\"high\" decoding=\"async\" width=\"738\" height=\"387\" src=\"https:\/\/hanin.org.ar\/wp-content\/uploads\/2026\/10\/images-56.jpg\" alt=\"\" class=\"wp-image-178520\" style=\"aspect-ratio:1.907025472473295;width:336px;height:auto\" srcset=\"https:\/\/hanin.org.ar\/wp-content\/uploads\/2026\/10\/images-56.jpg 738w, https:\/\/hanin.org.ar\/wp-content\/uploads\/2026\/10\/images-56-300x157.jpg 300w\" sizes=\"(max-width: 738px) 100vw, 738px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\uc624\ub298\uc758 \uacbd\uc81c<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>\uc7ac\ubb34\ub2f9\uad6d, 5\uc870 9,400\uc5b5 \ud398\uc18c \ub9cc\uae30 \ubd80\ub2f4 \uc904\uc600\uc9c0\ub9cc \uae08\uc735 \ube44\uc6a9 \uc99d\uac00<br>\uacbd\uc81c\ubd80\ub294 \uc774\ub2ec \ub9d0 \ub9cc\uae30\uac00 \ub3c4\ub798\ud558\ub294 \ub2ec\ub7ec \uc5f0\ub3d9 \ucc44\uad8c(D\u00f3lar Linked)\uc758 72.85%\ub97c \ucc28\ud658\ud558\ub294 \ub370 \uc131\uacf5\ud588\ub2e4. \uc774\uc5d0 \ub530\ub77c 38\uc5b5 9,600\ub9cc \ub2ec\ub7ec(\uc57d 5\uc870 9,400\uc5b5 \ud398\uc18c) \uc0c1\ub2f9\uc758 \ucc44\uad8c\uc744 \uc0c8\ub85c \ubc30\uc815\ud588\uc73c\uba70, \ub2e4\uc74c \uad6d\ucc44 \uc785\ucc30\uc5d0\uc11c \ubd80\ub2f4\ud574\uc57c \ud560 \uc989\uac01\uc801\uc778 \uc0c1\ud658 \uc758\ubb34\ub97c 10\uc870 7,800\uc5b5 \ud398\uc18c\ub85c \uc904\uc600\ub2e4.<br>\uc774\ubc88 \ucc28\ud658 \ube44\uc728\uc740 \uc9c0\ub09c 9\uc6d4 \ube44\uc2b7\ud55c \uac70\ub798\uc5d0\uc11c \uae30\ub85d\ud55c 75%\ubcf4\ub2e4 \ub2e4\uc18c \ub0ae\uc558\ub2e4. \uadf8\ub7fc\uc5d0\ub3c4 \uc815\ubd80\ub294 \ub2f9\uc7a5 \ud544\uc694\ud55c \uc790\uae08 \uc0c1\ud658 \ubd80\ub2f4\uc744 \ub35c\uace0 \uc7ac\uc815 \uc6b4\uc6a9\uc5d0 \uc5ec\uc720\ub97c \ud655\ubcf4\ud558\uac8c \ub410\ub2e4.<br>\uc55e\uc11c \uc774\ub2ec \ucd08 \uc9c4\ud589\ub41c \uccab \ubc88\uc9f8 \uad6d\ucc44 \ubc1c\ud589\uc5d0\uc11c\ub294 \ub17c\ub780\uc774 \uc77c\uc5c8\ub2e4. \uc815\ubd80\uac00 \uc0ac\uc804\uc5d0 \ucc44\uad8c\uc744 \uc7ac\ub9e4\uc785\ud55c \uc0ac\uc2e4\uc774 \uc54c\ub824\uc9c0\uba74\uc11c, \uc2dc\uc7a5\uc5d0\uc11c\ub294 \uc815\ubd80\uac00 \ubc1c\ud45c\ud55c \uc2e4\uc81c \ucc28\ud658 \uaddc\ubaa8\uc5d0 \uc758\ubb38\uc744 \uc81c\uae30\ud588\ub2e4.<br>\uc774\uc81c \uc2dc\uc7a5\uc758 \uad00\uc2ec\uc740 \uc7ac\ubb34\ub2f9\uad6d\uc774 2027\ub144 \ub300\uc120\uc744 \ub118\uc5b4\uc11c\ub294 \uc7a5\uae30\uc801\uc778 \ub9cc\uae30 \uad6c\uc870\ub97c \uacc4\uc18d \ud655\ubcf4\ud560 \uc218 \uc788\ub294\uc9c0\uc5d0 \uc3e0\ub9ac\uace0 \uc788\ub2e4.<br>\uc815\ubd80\ub294 \ucc44\ubb34 \uc0c1\ud658 \uae30\ud55c\uc744 \uc5f0\uc7a5\ud558\ub294 \ub370 \uc131\uacf5\ud588\uc9c0\ub9cc, \ud22c\uc790\uc790\ub4e4\uc774 \ub300\uc678\ucc44\ubb34\uc758 \uc9c0\uc18d \uac00\ub2a5\uc131\uc5d0 \ub300\ud574 \uc5ec\uc804\ud788 \uc2e0\uc911\ud55c \ud0dc\ub3c4\ub97c \ubcf4\uc774\uace0 \uc788\uc5b4 \ub354 \ub192\uc740 \uae08\uc735 \ube44\uc6a9\uc744 \uac10\uc218\ud574\uc57c \ud558\ub294 \uc0c1\ud669\uc774\ub2e4.<\/li>\n\n\n\n<li>\uad6d\ucc44 \ubc18\ub4f1, \uad6d\uac00\uc704\ud5d8\uc9c0\uc218 \ud558\ub77d<br>\uc911\ub3d9 \uc9c0\uc5ed\uc758 \uc678\uad50\uc801 \uc9c4\uc804\uc73c\ub85c \uad6d\uc81c \uae08\uc735\uc2dc\uc7a5\uc758 \ubd84\uc704\uae30\uac00 \uac1c\uc120\ub41c \uac00\uc6b4\ub370, \uc544\ub974\ud5e8\ud2f0\ub098 \uc678\ud654 \ud45c\uc2dc \uad6d\ucc44 \uac00\uaca9\uc774 2\uc8fc \ub9cc\uc5d0 \ucc98\uc74c\uc73c\ub85c \uc0c1\uc2b9\ud588\ub2e4.<br>\uc7a5\uae30 \uad6d\ucc44\uac00 \uc0c1\uc2b9\uc744 \uc8fc\ub3c4\ud588\ub2e4.<\/li>\n<\/ol>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\uae00\ub85c\ubc8c 2041\ub144 \ub9cc\uae30 \ucc44\uad8c: 0.6% \uc0c1\uc2b9<\/li>\n\n\n\n<li>\uae00\ub85c\ubc8c 2035\ub144 \ub9cc\uae30 \ucc44\uad8c: 0.4% \uc0c1\uc2b9<br>\uc774\uc5d0 \ub530\ub77c \uc544\ub974\ud5e8\ud2f0\ub098 \uad6d\uac00\uc704\ud5d8\uc9c0\uc218\ub294 0.4% \ud558\ub77d\ud574 672bp\ub97c \uae30\ub85d\ud588\ub2e4. \uc7a5\uc911 \ud55c\ub54c 710bp\uae4c\uc9c0 \uc0c1\uc2b9\ud588\ub358 \uac83\uacfc \ube44\uad50\ud558\uba74 \ub2e4\uc18c \uc548\uc815\ub41c \ubaa8\uc2b5\uc774\ub2e4.<br>\ubc18\uba74 \uc8fc\uc2dd\uc2dc\uc7a5\uc740 \ud63c\uc870\uc138\ub97c \ubcf4\uc600\ub2e4. \ub274\uc695\uc5d0\uc11c \uac70\ub798\ub418\ub294 \uc544\ub974\ud5e8\ud2f0\ub098 \uc8fc\uc2dd\uc608\ud0c1\uc99d\uc11c(ADR)\ub294 \uc885\ubaa9\ubcc4\ub85c \ub4f1\ub77d\uc774 \uc5c7\uac08\ub838\uc73c\uba70, \uba54\ub974\ubc1c \uc9c0\uc218\ub294 \ud398\uc18c\ud654 \uae30\uc900\uacfc \ub2ec\ub7ec\ud654 \uae30\uc900 \ubaa8\ub450 0.3% \ud558\ub77d\ud588\ub2e4.<br>\uc774\uc640\uad00\ub828 \ub9ac\uc624\ub124\uadf8\ub85c(R\u00edo Negro) \uc2e0\ubb38\uc5d0 \uac8c\uc7ac\ub41c \ubd84\uc11d\uc5d0\uc11c Wise Capital \ud22c\uc790\ud68c\uc0ac\ub294 \ub2e4\uc74c\uacfc \uac19\uc774 \uc9c0\uc801\ud588\ub2e4.<br>\uc7a5\uae30 \uc544\ub974\ud5e8\ud2f0\ub098 \uad6d\ucc44\uc758 \uc5f0\uac04 \uc218\uc775\ub960\uc774 12%\ub97c \ub118\ub294 \uc0c1\ud669\uc5d0\uc11c \uc8fc\uc2dd\uc2dc\uc7a5\uc758 \uc2e0\uc911\ud55c \uc6c0\uc9c1\uc784\uc740 2027\ub144 \ub300\ud1b5\ub839 \uc120\uac70\ub97c \uc55e\ub454 \uc815\uce58\uc801 \uc0c1\ud669\uc5d0 \ub300\ud55c \uc2dc\uc7a5\uc758 \uc6b0\ub824\ub97c \ubc18\uc601\ud55c\ub2e4.<br>\ubb3c\uac00 \uc804\ub9dd\ub3c4 \uc5c7\uac08\ub9ac\uace0 \uc788\ub2e4. \uc6d4\uac04 \uc18c\ube44\uc790\ubb3c\uac00 \uc0c1\uc2b9\ub960\uc740 1.9%\uc600\uc9c0\ub9cc, \uad6d\uc81c\uc720\uac00 \uc0c1\uc2b9 \uc555\ub825 \ub4f1\uc758 \uc601\ud5a5\uc73c\ub85c \ub3c4\ub9e4\ubb3c\uac00 \uc0c1\uc2b9\ub960\uc740 3.2%\ub85c \uac00\uc18d\ud654\ub410\ub2e4.<\/li>\n<\/ul>\n\n\n\n<ol start=\"3\" class=\"wp-block-list\">\n<li>\uc911\uc559\uc740\ud589, \uc678\ud658\uc2dc\uc7a5 \ub2ec\ub7ec \ub9e4\uc785 \ud655\ub300<br>\uc678\ud658\uc2dc\uc7a5\uc5d0\uc11c \ub2ec\ub7ec \uacf5\uae09\uc774 \ub298\uc5b4\ub098\uba74\uc11c \ud658\uc728 \ubc29\uc5b4\ub97c \uc704\ud55c \uc218\uc694\uc640 \uacf5\uae09\uc758 \uade0\ud615\uc774 \uac1c\uc120\ub410\ub2e4. \uc774\uc5d0 \ub530\ub77c \uc911\uc559\uc740\ud589(BCRA)\uc740 \uc678\ud658\uc2dc\uc7a5 \uac1c\uc785\uc744 \ud06c\uac8c \ud655\ub300\ud588\ub2e4.<br>\uc911\uc559\uc740\ud589\uc740 \uc774\ub0a0 \uc678\ud658\uc2dc\uc7a5\uc5d0\uc11c \uac70\ub798\ub41c \uc804\uccb4 \uae08\uc561\uc758 15%\uc5d0 \ud574\ub2f9\ud558\ub294 \uc57d 1\uc5b5 300\ub9cc \ub2ec\ub7ec\ub97c \ub9e4\uc785\ud588\ub2e4. \uc8fc \ucd08\ubc18 \ub9e4\uc785\uc561\uc778 \uc57d 1,800\ub9cc \ub2ec\ub7ec\uc640 \ube44\uad50\ud558\uba74 \ud06c\uac8c \uc99d\uac00\ud55c \uaddc\ubaa8\ub2e4.<br>\uc774\ub85c\uc368 \uc911\uc559\uc740\ud589\uc740 \ud658\uc728 \uc0c1\uc2b9 \uc555\ub825\uc744 \uc720\ubc1c\ud558\uc9c0 \uc54a\uc73c\uba74\uc11c 16\uac70\ub798\uc77c \uc5f0\uc18d \ub2ec\ub7ec \uc21c\ub9e4\uc785 \uae30\ub85d\uc744 \uc774\uc5b4\uac14\ub2e4.<br>10\uc6d4 \ub4e4\uc5b4 \uc911\uc559\uc740\ud589\uc758 \ud558\ub8e8 \ud3c9\uade0 \ub2ec\ub7ec \ub9e4\uc785\uc561\uc740 8,300\ub9cc \ub2ec\ub7ec\uc5d0 \ub2ec\ud588\ub2e4. \uc774\ub294 \ub9e4\uc785 \uc2e4\uc801\uc774 \ubd80\uc9c4\ud588\ub358 8\uc6d4\uacfc 9\uc6d4\uc5d0 \ube44\ud574 \ub69c\ub837\ud55c \uac1c\uc120\uc774\ub2e4.<br>\ub204\uc801 \ub9e4\uc785\uc561\uc740 \ub2e4\uc74c\uacfc \uac19\ub2e4.<\/li>\n<\/ol>\n\n\n\n<ul class=\"wp-block-list\">\n<li>10\uc6d4 \ub204\uc801: 11\uc5b5 300\ub9cc \ub2ec\ub7ec<\/li>\n\n\n\n<li>2026\ub144 \uc5f0\ucd08 \uc774\ud6c4 \ub204\uc801: 156\uc5b5 7,100\ub9cc \ub2ec\ub7ec<br>\uc678\ud658 \ub9e4\uc785 \ud655\ub300\ub294 \uc911\uc559\uc740\ud589\uc758 \ucd1d\uc678\ud658\ubcf4\uc720\uc561 \uc99d\uac00\uc5d0\ub3c4 \uae30\uc5ec\ud588\ub2e4. \ucd1d\uc678\ud658\ubcf4\uc720\uc561\uc740 \ud558\ub8e8 \ub3d9\uc548 4,900\ub9cc \ub2ec\ub7ec \ub298\uc5b4\ub098 \uac70\ub798 \uc885\ub8cc \uc2dc\uc810\uc5d0 502\uc5b5 100\ub9cc \ub2ec\ub7ec\ub97c \uae30\ub85d\ud588\ub2e4.<\/li>\n<\/ul>\n\n\n\n<ol start=\"4\" class=\"wp-block-list\">\n<li>\uc678\ud658\uc2dc\uc7a5 \uc548\uc815\uc138<br>\uacf5\uc2dd \ud658\uc728\uc740 3\uac70\ub798\uc77c \uc5f0\uc18d \uc0c1\uc2b9\ud588\uc9c0\ub9cc \uc0c1\uc2b9 \ud3ed\uc740 \ub454\ud654\ub410\ub2e4.<br>\uc8fc\uc694 \ud658\uc728\uc740 \ub2e4\uc74c\uacfc \uac19\ub2e4.<br>*\uacf5\uc2dd \ub3c4\ub9e4\ud658\uc728 : 1,525\ud398\uc18c<br>*\uad6d\ub9bd\uc740\ud589(Banco Naci\u00f3n) \uc18c\ub9e4\ud658\uc728 : 1,545\ud398\uc18c<br>*\uc911\uc559\uc740\ud589\uc774 \uc9d1\uacc4\ud55c \ud3c9\uade0 \uc18c\ub9e4\ud658\uc728 : 1,544.35\ud398\uc18c<br>*MEP \ud658\uc728 : 1,544.32\ud398\uc18c<br>*CCL \ud658\uc728 : 1,630.10\ud398\uc18c<br>\uacf5\uc2dd \ub3c4\ub9e4\ud658\uc728\uc740 \uc804 \uac70\ub798\uc77c\ubcf4\ub2e4 50\uc13c\ud0c0\ubcf4(0.50\ud398\uc18c) \uc0c1\uc2b9\ud588\ub2e4.<br>CCL \ud658\uc728\uacfc \uacf5\uc2dd \ub3c4\ub9e4\ud658\uc728\uc758 \uaca9\ucc28\ub294 \uc57d 7%\uc5d0 \uadfc\uc811\ud588\ub2e4. \uc774\ub294 2\uac1c\uc6d4\uc5ec \ub9cc\uc5d0 \uac00\uc7a5 \ub192\uc740 \uc218\uc900\uc774\ub2e4.<br>\ub2ec\ub7ec \ud658\uc728\uc774 \ubb3c\uac00 \uc0c1\uc2b9\ub960\uc5d0 \ube44\ud574 \uc0c1\ub300\uc801\uc73c\ub85c \ub0ae\uc740 \uc218\uc900\uc5d0 \uba38\ubb34\ub974\uace0 \uc788\uace0, \uc8fc \ucd08\ubc18 \uc911\uc559\uc740\ud589\uc758 \ub2ec\ub7ec \ub9e4\uc785 \uc18d\ub3c4\ub3c4 \ub2e4\uc18c \uc644\ub9cc\ud574\uc9c0\uba74\uc11c \ud22c\uc790\uc790\ub4e4\uc758 \uad00\uc2ec\uc740 \ud658\uc728 \uc790\uccb4\uc5d0\uc11c \uc678\ud658\ubcf4\uc720\uc561 \ud655\ucda9 \ub2a5\ub825\uc73c\ub85c \uc62e\uaca8\uac00\uace0 \uc788\ub2e4.<br>\uc774\ub294 2027\ub144\uacfc 2028\ub144\uc5d0 \uc608\uc815\ub41c \ub300\uaddc\ubaa8 \ucc44\ubb34 \uc0c1\ud658\uacfc \uc120\uac70\ub97c \uc55e\ub450\uace0 \uc810\uc9c4\uc801\uc73c\ub85c \ub298\uc5b4\ub0a0 \uac83\uc73c\ub85c \uc608\uc0c1\ub418\ub294 \ud658\ud5e4\uc9c0 \uc218\uc694\uc5d0 \ub300\uc751\ud558\ub294 \ub370 \uc911\uc694\ud55c \ubcc0\uc218\ub2e4.<\/li>\n\n\n\n<li>\ub274\uc695 \uc99d\uc2dc, \uae30\uc220\uc8fc \uc8fc\ub3c4\ub85c \uc0c1\uc2b9 \ucd9c\ubc1c \uc804\ub9dd<br>\ub274\uc695 \uc99d\uc2dc\uc758 \uc8fc\uc694 \uc9c0\uc218\ub294 \uac1c\uc7a5 \uc804 \uac70\ub798\uc5d0\uc11c \uc870\uc2ec\uc2a4\ub7ec\uc6b4 \uc0c1\uc2b9\uc138\ub97c \ubcf4\uc600\ub2e4. \uae30\uc220\uc8fc\uac00 \uc0c1\uc2b9\uc744 \uc8fc\ub3c4\ud588\ub2e4.<br>*\ub098\uc2a4\ub2e5 \uc885\ud569\uc9c0\uc218: 0.64%<br>*S&amp;P 500 : 0.21%<br>*\ub2e4\uc6b0\uc874\uc2a4 \uc0b0\uc5c5\ud3c9\uade0\uc9c0\uc218 : 0.05%<br>\ubbf8\uad6d \uad6d\ucc44 \uae08\ub9ac\ub294 \uc57d 5.1% \uc218\uc900\uc5d0\uc11c \uc548\uc815\uc801\uc73c\ub85c \uc6c0\uc9c1\uc600\ub2e4. \uc774\ub294 1\ub144 \uc804 \uae30\ub85d\ud55c 4.1%\ubcf4\ub2e4 \uc0c1\ub2f9\ud788 \ub192\uc740 \uc218\uc900\uc774\ub2e4.<br>\uc5d0\ub108\uc9c0 \uc2dc\uc7a5\uc5d0\uc11c\ub294 \uad6d\uc81c\uc720\uac00\uac00 \uc0c1\uc2b9\ud588\ub2e4.<\/li>\n<\/ol>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\ube0c\ub80c\ud2b8\uc720: 1% \uc0c1\uc2b9, \ubc30\ub7f4\ub2f9 109.9\ub2ec\ub7ec<\/li>\n\n\n\n<li>\ubbf8\uad6d \uc11c\ubd80\ud14d\uc0ac\uc2a4\uc0b0 \uc6d0\uc720(WTI): 1.2% \uc0c1\uc2b9, \ubc30\ub7f4\ub2f9 99\ub2ec\ub7ec<br>\uad6d\uc81c \uc5d0\ub108\uc9c0 \uc6d0\uc790\uc7ac \uac00\uaca9\uc774 \uac15\uc138\ub97c \uc720\uc9c0\ud558\ub294 \uc0c1\ud669\uc774\ub2e4.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\uc624\ub298\uc758 \uacbd\uc81c<\/p>\n","protected":false},"author":6,"featured_media":178520,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_joinchat":[],"footnotes":""},"categories":[23,25,61],"tags":[],"class_list":["post-178519","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-noticias-argentina","category-informes-economicos"],"_links":{"self":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/178519","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=178519"}],"version-history":[{"count":1,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/178519\/revisions"}],"predecessor-version":[{"id":178521,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/178519\/revisions\/178521"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/media\/178520"}],"wp:attachment":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=178519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=178519"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=178519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}