{"id":7801,"date":"2025-05-14T11:17:59","date_gmt":"2025-05-14T14:17:59","guid":{"rendered":"https:\/\/hanin.org.ar\/?p=7801"},"modified":"2025-05-14T11:18:00","modified_gmt":"2025-05-14T14:18:00","slug":"%ec%98%a4%eb%8a%98%ec%9d%98-%ea%b2%bd%ec%a0%9c05%ec%9b%94-13%ec%9d%bc","status":"publish","type":"post","link":"https:\/\/hanin.org.ar\/?p=7801","title":{"rendered":"\uc624\ub298\uc758 \uacbd\uc81c(05\uc6d4 13\uc77c)"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

\uc624\ub298\uc758 \uacbd\uc81c<\/p>\n\n\n\n

    \n
  1. \ub2ec\ub7ec \uacf5\uae09 \uc99d\uac00 = \ud658\uc728 \ud558\ub77d
    \uc815\ubd80\ub294 \uc2dc\uc911\uc5d0 \uc7a0\uaca8\uc788\ub294 \ub2ec\ub7ec\ub97c \uc720\ud1b5\uc2dc\ucf1c \uacbd\uc81c\ub97c \ud65c\uc131\ud654\ud558\uace0, \uc911\uc559\uc740\ud589\uc758 \uc678\ud658\ubcf4\uc720\uc561\uc744 \ub298\ub9ac\ub824\uace0 \ud55c\ub2e4.
    \ud558\uc9c0\ub9cc \uc218\uc785\uc5c5\uccb4\ub098 \uc18c\ube44\uc7ac \uad00\ub828 \uc0ac\uc5c5 \uc774\uc678\uc5d0\ub294 \ub2ec\ub7ec\uac00 \ud544\uc694\uce58 \uc54a\ub2e4.
    \uc77c\ubc18\uc801\uc73c\ub85c \uce68\ub300 \ub2ec\ub7ec\uac00 \ubab0\ub9ac\ub294 \uac74\uc124\ub3c4 \uacbd\uae30\uac00 \uc88b\uc9c0\uc54a\ub2e4.
    \ub530\ub77c\uc11c \ub2ec\ub7ec\uac00 \uc2dc\uc911\uc5d0 \uc720\ud1b5\ub41c\ub2e4\uba74 (\uc138\uae08\uc5c6\uc774 \ud569\ubc95\ud654 \uad8c\uace0\uac00 \uc788\uaca0\uc9c0\ub9cc) \uc608\uae08, \ucc44\uad8c, \uc8fc\uc2dd\uc5d0 \ud22c\uc790\ud560 \uac00\ub2a5\uc131\uc774 \ud06c\ub2e4.<\/li>\n\n\n\n
  2. \uc778\ud50c\ub808\uc774\uc158
    \uc2dc\uc7a5\uacfc \uacbd\uc81c\uc804\ubb38\uac00\ub4e4\uc758 \uc608\uc0c1\uacfc\ub294 \ub2e4\ub974\uac8c 4\uc6d4 \uc778\ud50c\ub808\uc774\uc158\uc740 2.7% \uc774\ud558\ub85c \ucd94\uc0b0\ub41c\ub2e4.
    \uc774\ub7f0 \uc0c1\ud669\uc774 \ubc1c\uc0dd\ud558\uba74, CER (\uc18c\ube44\uc790\ubb3c\uac00\uc9c0\uc218) \uc5f0\ub3d9 \ucc44\uad8c\uc740 \uac00\uaca9\uc774 \ud558\ub77d\ud55c\ub2e4.<\/li>\n\n\n\n
  3. \ucd5c\uc545\uc758 \uc0c1\ud669\uc740 \uc9c0\ub0ac\ub2e4
    \ubbf8\uad6d\uacfc \uc911\uad6d \uac04\uc758 \ubb34\uc5ed\uc804\uc7c1\uc774 \uc644\ud654\ub418\uba74\uc11c \ucd5c\uc545\uc758 \uacbd\uc81c \uc704\uae30 \uc0c1\ud669\uc740 \uc9c0\ub098\uac14\ub2e4\uace0 \ubcfc\uc218\uc788\ub2e4.
    \uc591\uad6d\uc774 \ubc1c\ud45c\ud55c \uc0c8\ub85c\uc6b4 \uad00\uc138\uac00 90\uc77c \ub3d9\uc548 \uc720\uc9c0\ub420 \uac00\ub2a5\uc131\uc774 \ub192\uc740 \uac83\ub3c4 \uae0d\uc815\uc801\uc774\ub2e4.
    \uc774\ub97c\ud1b5\ud574 \ub2ec\ub7ec \uac00\uce58 \ud68c\ubcf5, \uc6d0\uc790\uc7ac \uac00\uaca9 \uc0c1\uc2b9, \ubbf8\uad6d \uc778\ud50c\ub808\uc774\uc158 \ud558\ub77d \ub4f1\uc774 \uc608\uc0c1\ub41c\ub2e4.<\/li>\n\n\n\n
  4. \ucc44\uad8c\uacfc \uc8fc\uc2dd \uc0c1\uc2b9
    \ubbf8\uad6d\uacfc \uc911\uad6d \uac04\uc758 \ubb34\uc5ed\uc804\uc7c1\uc774 \uc644\ud654\ub418\uba74\uc11c, \uc544\ub974\ud5e8\ud2f0\ub098\uc758 \ucc44\uad8c\uacfc \uc8fc\uc2dd\uc740 \ubaa8\ub450 \uac15\uc138\ub97c \ubcf4\uc600\ub2e4.
    ADR (\ubbf8\uad6d \uc608\ud0c1 \uc99d\uc11c)\uc740 \ucd5c\ub300 8%\uae4c\uc9c0 \ub6f0\uc5c8\uace0, Merval \uc9c0\uc218\ub3c4 \ub2ec\ub7ec\ud654\ub85c 5.8%, \ud398\uc18c\ud654\ub85c 5.5% \uc62c\ub790\ub2e4.
    \ub2ec\ub7ec \ucc44\uad8c\uc740 \ucd5c\ub300 1.3% \uc0c1\uc2b9\ud588\ub2e4.<\/li>\n\n\n\n
  5. \ubd80\uc5d0\ub178\uc2a4\uc544\uc774\ub808\uc2a4\uc2dc \uc778\ud50c\ub808\uc774\uc158 \ub454\ud654
    \ubd80\uc5d0\ub178\uc2a4\uc544\uc774\ub808\uc2a4\uc2dc \ud1b5\uacc4\uad6d\uc5d0 \ub530\ub974\uba74, \uc2dc\uc758 4\uc6d4 \uc778\ud50c\ub808\uc774\uc158\uc740 2.3%\uc600\ub2e4.
    \uc774\ub294 \uc9c0\ub09c 3\uc6d4 3.2%\uc5d0 \ube44\ud574 \ud06c\uac8c \ud558\ub77d\ud55c \uc218\uce58\uc774\ub2e4.
    \uc5f0\uac04\uc73c\ub85c\ub294 52.4%, \uc62c\ud574 \uccab 4\uac1c\uc6d4 \ub3d9\uc548\uc740 11.1%\ub97c \uae30\ub85d\ud588\ub2e4.
    \ubd80\uc5d0\ub178\uc2a4\uc544\uc774\ub808\uc2a4\uc2dc\uc758 \uc778\ud50c\ub808\uc774\uc158 \ub370\uc774\ud130\ub294 \uc804\uad6d\uc801\uc778 \ucd94\uc138\ub97c \ubc18\uc601\ud55c\ub2e4.<\/li>\n\n\n\n
  6. \uc120\ubb3c\ud658\uc728, \uc911\uc559\uc740\ud589 \uac1c\uc785 ?
    \uc911\uc559\uc740\ud589\uc740 \ud658\uc728\uc774 \ubc34\ub4dc \ub0b4\uc758 \ud558\ud55c\uc120\uc778 1,000 \ud398\uc18c \ub610\ub294 \uc0c1\ud55c\uc120\uc778 1,400 \ud398\uc18c\uc5d0 \ub3c4\ub2ec\ud558\uc9c0 \uc54a\uc73c\uba74 \uac1c\uc785\ud558\uc9c0 \uc54a\ub294\ub2e4.
    \uc120\ubb3c\ud658\uc728\ub3c4 \ub9c8\ucc2c\uac00\uc9c0\ub2e4.
    \uc9c0\ub09c\uc8fc \uc218\uc694\uc77c \uc120\ubb3c\uc2dc\uc7a5\uc5d0\uc11c \uac70\ub798\uc561\uc774 42\uc5b5 4\ucc9c\ub9cc \ub2ec\ub7ec\uac00 \uac70\ub798\ub418\ub294 \ub9e4\uc6b0 \uc774\ub840\uc801\uc778 \uc561\uc218\ub97c \uae30\ub85d\ud588\ub2e4.
    \uc774\ub294 3\ub144 \ub9cc\uc5d0 \uac00\uc7a5 \ub9ce\uc740 \uac70\ub798\uc561\uc774\ub2e4.<\/li>\n\n\n\n
  7. BOPREAL \ucc44\uad8c \uc2dc\ub9ac\uc988 4
    \ud22c\uc790\uc790\ub4e4\uc740 \uace7 \uc788\uc744 BOPREAL \uc2dc\ub9ac\uc988 4 \uc785\ucc30\uc744 \uae30\ub2e4\ub9ac\uace0\uc788\ub2e4.
    \uc774\ubc88 \uc785\ucc30\uc744 \ud1b5\ud574 \uc2dc\uc911\uc758 \ud398\uc18c\ud654\uac00 \ud68c\uc218\ub418\uace0, \uc815\ubd80\ub294 \uc678\ud658\ubcf4\uc720\uc561\uc744 \uc99d\uac00\uc2dc\ud0ac \uae30\ud68c\uac00 \ub420\uac83\uc774\ub2e4.<\/li>\n\n\n\n
  8. \uc2e0\uc6a9\ub4f1\uae09 \uc0c1\ud5a5
    \uc2e0\uc6a9\ud3c9\uac00\uc0ac\uc778 \ud53c\uce58\ub294, \uc544\ub974\ud5e8\ud2f0\ub098\uc758 \uacbd\uc81c \uaddc\uc81c \uc644\ud654, \uc790\uae08\uc870\ub2ec \uc131\uacf5, \uc778\ud50c\ub808\uc774\uc158 \ud558\ub77d\uc5d0 \uc131\uacf5\ud55c \uac83\uc744 \ud3c9\uac00\ud574, \uc544\ub974\ud5e8\ud2f0\ub098\uc758 \uc7a5\uae30 \uc678\ud654 \ucc44\uad8c \ub4f1\uae09\uc744 CCC\uc5d0\uc11c CCC+\ub85c \uc0c1\ud5a5 \uc870\uc815\ud588\ub2e4.
    \ub610 \ud398\uc18c \ucc44\uad8c \ubc1c\ud589 \uae30\uad00\uc758 \uc2e0\uc6a9\ub4f1\uae09\ub3c4 \uc62c\ub838\ub2e4.
    \uadf8\ub7ec\ub098 \ud53c\uce58\ub294 \uc544\ub974\ud5e8\ud2f0\ub098\uc758 \ucc44\ubb34 \uc0c1\ud658 \ub2a5\ub825\uc5d0 \ub300\ud55c \ubd88\ud655\uc2e4\uc131\uc740 \uc5ec\uc804\ud788 \ub0a8\uc544\uc788\ub2e4\uace0 \uacbd\uace0\ud588\ub2e4.<\/li>\n\n\n\n
  9. \ucc44\uad8c \uc785\ucc30 \ubc0f \uad50\ud658
    \uacbd\uc81c\ubd80\ub294 \ud398\uc18c\ud654 \ucc44\uad8c \ub9cc\uae30\uc5d0 \ub300\uc751\ud558\uae30 \uc704\ud574 \uc0c8\ub85c\uc6b4 \uc785\ucc30\uc5d0 \ud3ec\ud568\ub420 \ucc44\uad8c\uc744 \ubc1c\ud45c\ud588\ub2e4.
    \uc774\ubc88 \uc785\ucc30\uc5d0\uc11c \uc870\ub2ec\ud560 \uae08\uc561\uc740 8\uc870 \ud398\uc18c\uc774\ub2e4.
    \ub610 CER (\uc18c\ube44\uc790\ubb3c\uac00\uc9c0\uc218) \uc5f0\ub3d9 \ucc44\uad8c\uc744 \ub4c0\uc5bc (\ub9cc\uae30\uc2dc \uace0\uc815\uae08\ub9ac\ub098 \ubcc0\ub3d9\uae08\ub9ac \uc911 \ub192\uc740 \uae08\ub9ac\ub85c \uc9c0\uae09) \ucc44\uad8c\uc73c\ub85c \uad50\ud658\ud560 \uac83\uc774\ub77c\uace0 \ubc1c\ud45c\ud588\ub2e4.
    \uc774\ubc88 \uc785\ucc30\uc740 \uc218\uc694\uc77c (\uc624\ub298)\uc5d0 \uc788\uc744 \uc608\uc815\uc774\uba70, \uac19\uc740 \ub0a0 4\uc6d4 \uc778\ud50c\ub808\uc774\uc158 \ub370\uc774\ud130\uac00 \ubc1c\ud45c\ub420 \uac83\uc774\ub2e4.
    \ub0ae\uc740 \uc778\ud50c\ub808\uc774\uc158\uc774 \ubc1c\ud45c\ub418\uba74, \uc7ac\ubb34\uccad\uc740 \uc2dc\uc7a5 \uae08\ub9ac\ubcf4\ub2e4 \ub0ae\uc740 \uae08\ub9ac\ub97c \uc81c\uc2dc\ud560 \uc218 \uc788\ub2e4.
    \uacbd\uc81c\ubd80\ub294 \uc62c\ud574 6\uc6d4 30\uc77c, 7\uc6d4 31\uc77c, 8\uc6d4 29\uc77c, 11\uc6d4 28\uc77c \ub9cc\uae30\uac00 \ub418\ub294 LECAP \ucc44\uad8c\uacfc 2026\ub144 1\uc6d4 30\uc77c \ub9cc\uae30\uc778 \ud398\uc18c \uc790\ubcf8\ud654 \ucc44\uad8c, 2026\ub144 4\uc6d4 30\uc77c \ub9cc\uae30\uc778 TAMAR \uae08\ub9ac \ucc44\uad8c, 2026\ub144 10\uc6d4 30\uc77c \ub9cc\uae30\uc778 CER \ucc44\uad8c\uc744 \uc81c\uacf5\ud55c\ub2e4.
    \uadf8\ub9ac\uace0 \uc7ac\ubb34\uccad\uc740 \uc911\uc559\uc740\ud589\uacfc \ucc44\ubb34 \uad50\ud658\uc744 \ud1b5\ud574, \uc57d 4\uc870 \ud398\uc18c \uaddc\ubaa8\uc758 \uc790\ubcf8\ud654 \ubcc0\ub3d9\uae08\ub9ac \ucc44\uad8c\uc744 \ubc1c\ud589\ud55c\ub2e4\uace0 \ubc1d\ud614\ub2e4.
    \uc774 \uacbd\uc6b0 2026\ub144 6\uc6d4 30\uc77c \ub9cc\uae30\uc778 Boner TZX26\uacfc 2026\ub144 12\uc6d4 15\uc77c \ub9cc\uae30\uc778 \ub4c0\uc5bc TTD26\uc774 \uc81c\uacf5\ub41c\ub2e4.<\/li>\n\n\n\n
  10. \ubbf8\uad6d \uc778\ud50c\ub808\uc774\uc158 4\ub144 \ub9cc\uc5d0 \ucd5c\uc800
    \ubbf8\uad6d \uc778\ud50c\ub808\uc774\uc158\uc774 3\uac1c\uc6d4 \uc5f0\uc18d \ud558\ub77d\uc138\ub97c \uae30\ub85d\ud558\uba74\uc11c 4\uc6d4 \uc5f0 \uc778\ud50c\ub808\uc774\uc158\uc740 2.3%\ub97c \ubcf4\uc600\ub2e4.
    \uc774\ub294 4\ub144 \ub9cc\uc5d0 \ucd5c\uc800\uce58\uc774\ub2e4.
    \uc6d4\ubcc4\ub85c\ub294 4\uc6d4 \uc18c\ube44\uc790\ubb3c\uac00\uc9c0\uc218\ub294, \uc2dc\uc7a5 \uc608\uc0c1\ubcf4\ub2e4 \ub0ae\uc740 0.2% \uc0c1\uc2b9\ud588\ub2e4.
    \ud55c\ud3b8 \ud575\uc2ec \uc778\ud50c\ub808\uc774\uc158 (\uc2dd\ud488 \ubc0f \uc5d0\ub108\uc9c0 \uc81c\uc678)\uc740 2.8%\ub97c \uc720\uc9c0\ud588\ub2e4.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

    \uc624\ub298\uc758 \uacbd\uc81c<\/p>\n","protected":false},"author":6,"featured_media":7802,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_themeisle_gutenberg_block_has_review":false,"_joinchat":[],"footnotes":""},"categories":[23,25,61],"tags":[],"class_list":["post-7801","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\/7801","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=7801"}],"version-history":[{"count":1,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/7801\/revisions"}],"predecessor-version":[{"id":7803,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/7801\/revisions\/7803"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/media\/7802"}],"wp:attachment":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7801"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7801"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7801"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}