{"id":9991,"date":"2025-11-05T10:30:04","date_gmt":"2025-11-05T13:30:04","guid":{"rendered":"https:\/\/hanin.org.ar\/?p=9991"},"modified":"2025-11-05T10:30:05","modified_gmt":"2025-11-05T13:30:05","slug":"%ec%98%a4%eb%8a%98%ec%9d%98-%ea%b2%bd%ec%a0%9c11%ec%9b%94-04%ec%9d%bc-2","status":"publish","type":"post","link":"https:\/\/hanin.org.ar\/?p=9991","title":{"rendered":"\uc624\ub298\uc758 \uacbd\uc81c(11\uc6d4 04\uc77c)"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

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

    \n
  1. \uc7ac\ubb34\uccad, \ucc44\uad8c \ub9cc\uae30 \uc5f0\uc7a5\uacfc \uae08\ub9ac\uc778\ud558 \uc704\ud55c \uc2e0\uaddc \ucc44\uad8c \uc785\ucc30
    \uacbd\uc81c\ubd80\ub294 \ub0b4\uc77c \uc57d 11\uc870 \ud398\uc18c \ub9cc\uae30 \ucc44\uad8c \uac31\uc2e0\uc744 \uc704\ud55c \uc0c8\ub85c\uc6b4 \ucc44\uad8c \uc785\ucc30\uc744 \uc2e4\uc2dc\ud55c\ub2e4.
    \uc774\ub294 \uc9c0\ub09c\uc8fc \uc911\uac04\uc120\uac70 \uc774\ud6c4 \uc785\ucc30\ud55c \ucc44\uad8c \uae08\uc561\uacfc \ube44\uc2b7\ud55c \uc561\uc218\uc774\ub2e4.
    \ube60\ube14\ub85c \ub07c\ub974\ub178\uac00 \uc678\ubb34\uc7a5\uad00\uc73c\ub85c \uc790\ub9ac\ub97c \uc62e\uae30\uace0, \uc54c\ub808\ud55c\ub4dc\ub85c \ub808\uc6b0\uac00 \ubb3c\ub824\ubc1b\uc740 \uc7ac\ubb34\uccad\uc740 \uae08\ub9ac\uc778\ud558 \ucd94\uc138\ub97c \uacf5\uace0\ud788 \ud558\ub294 \ub3d9\uc2dc\uc5d0 \ud398\uc18c \ucc44\uad8c\uc758 \ub9cc\uae30\ub97c \uc5f0\uc7a5\ud558\ub294 \uac83\uc744 \ubaa9\ud45c\ub85c \ud55c\ub2e4.
    \uc774\ubc88 \uc785\ucc30\uc5d0\ub294 2026\ub144 2\uc6d4\ubd80\ud130 2027\ub144 4\uc6d4\uae4c\uc9c0 \ub9cc\uae30\uac00 \ub3c4\ub798\ud558\ub294 LECAP, BONCER, LETAMAR, BONO TAMAR\uac00 \ud3ec\ud568\ub418\uba70 M31G6 (2026\ub144 8\uc6d4 31\uc77c \ub9cc\uae30)\uacfc M31Y7 (2027\ub144 3\uc6d4 31\uc77c \ub9cc\uae30)\uc758 \ub450 \uac00\uc9c0 \uc2e0\uaddc \ucc44\uad8c\ub3c4 \ud3ec\ud568\ub41c\ub2e4.
    \ub610 2026\ub144 4\uc6d4 30\uc77c \ub9cc\uae30 \ub2ec\ub7ec \uc5f0\ub3d9 \ucc44\uad8c (D30A6)\ub3c4 \uc81c\uacf5\ub41c\ub2e4.
    \uc774\ub7f0 \uc785\ucc30\uc740 \ub300\uc120 \uc804 \uc720\ub3d9\uc131\uc744 \uc815\uc0c1\ud654\ud558\uace0, 2026\ub144\uae4c\uc9c0 \ubcf4\ub2e4 \uade0\ud615\uc788\ub294 \uc774\uc790\uc728\uc744 \ub9cc\ub4dc\ub294\ub370 \ubaa9\ud45c\uac00 \uc788\ub2e4.
    \uc774\ub7ec\ud55c \ub9e5\ub77d\uc5d0\uc11c \uc774\ubc88 \uc785\ucc30\uc5d0\uc11c \uac00\uc7a5 \uc9e7\uc740 \ub9cc\uae30 \ucc44\uad8c\uc740 \ub0b4\ub144 4\uc6d4 \uc774\ud6c4 \ub9cc\uae30 \ucc44\uad8c\uc73c\ub85c \uad50\ud658\ub418\uba70, \uc62c\ud574 \ucc98\uc74c\uc73c\ub85c 2025\ub144 \ub9cc\uae30 \ucc44\uad8c\uc740 \uc5c6\uc5b4 \ub2e8\uae30 \ucc44\ubb34\ub97c \uc644\ud654\ud558\ub824\ub294 \uc815\ubd80\uc758 \ubaa9\ud45c\ub97c \uac15\ud654\ud55c\ub2e4.
    \uc774\uc640\uad00\ub828 El Cronista \uc9c0\ub294 \uae30\uc0ac\uc5d0\uc11c, \ub0b4\uac01 \uad50\uccb4\uc640 \uc2dc\uc911 \uc720\ub3d9\uc131 \uc99d\uac00 (5\uc870 1\ucc9c\uc5b5 \ud398\uc18c)\ub85c \uc778\ud574 \uae08\ub9ac\ub294 \uacc4\uc18d \ud558\ub77d\ud560 \uac83\uc774\ub2e4.
    \uc774\ub7f0 \ucd94\uc138\uc5d0 \ub530\ub77c \uae08\ub9ac\ub294 \uc5f0 44.63%\uc5d0\uc11c 43.38%\ub85c \ub9c8\uac10\ud588\ub2e4.
    \uc911\uc559\uc740\ud589\uc740 \ud558\ub8e8\uc9dc\ub9ac \uae08\ub9ac\ub294 \uc5f0 25%\ub85c \uc124\uc815\ud588\uace0, 3\uc77c\uc9dc\ub9ac \ub2f4\ubcf4\ub300\ucd9c\uc740 25.48%\ub85c \ub9c8\uac10\ud588\ub2e4.<\/li>\n\n\n\n
  2. \uc815\ubd80, IMF\uc5d0 8\uc5b5 2200\ub9cc \ub2ec\ub7ec \uc9c0\uae09, 11\uc6d4 \uc7ac\uc815 \ubd80\ub2f4 \uc644\ud654
    \uc815\ubd80\ub294 IMF\uc5d0 \uc774\uc790\ub85c 8\uc5b5 2200\ub9cc \ub2ec\ub7ec\ub97c \uc9c0\uae09\ud588\ub2e4.
    \uc774\uac83\uc740 \ub9c8\ub044\ub9ac \uc815\ubd80 \uc2dc\uc808\uc778 2018\ub144 \uc81c\uacf5\ub410\uace0, 2024\ub144 1\uc6d4\uc5d0 \uc870\uc815\ub41c 450\uc5b5 \ub2ec\ub7ec\uc758 \uc774\uc790\uc774\ub2e4.
    \uc774\uc790\ub294 \uc758\ubb34\ub85c \uc9c0\ubd88\ud574\uc57c \ud558\uba70, \uc6d4\ub9d0\ub85c \uc5f0\uc7a5\ud560 \uc218 \uc5c6\ub2e4.
    \uc774\ubc88 \uc9c0\uae09\uc73c\ub85c 11\uc6d4 \uc0c1\ud658 \ucc44\ubb34\ub294 10\uc5b5 3800\ub9cc \ub2ec\ub7ec\uac00 \ub0a8\uc558\uace0, \ub2e4\uc790\uac04 \uae30\uad6c\uc5d0 2\uc5b5 1700\ub9cc \ub2ec\ub7ec\ub3c4 \uc0c1\ud658\ud574\uc57c \ud55c\ub2e4.
    \uc0c1\ud658\uc740 \uc911\uc559\uc740\ud589\uc758 \uc678\ud658\ubcf4\uc720\uc561\uc73c\ub85c \uc774\ub904\uc84c\ub2e4.
    \uc678\ud658\ubcf4\uc720\uc561\uc740 \uc6d4\uc694\uc77c 407\uc5b5 8600\ub9cc \ub2ec\ub7ec\ub85c \uc99d\uac00\ud588\ub2e4.
    \uc544\ub974\ud5e8\ud2f0\ub098\uc758 \ub2e8\uae30\uc801 \uc804\ub9dd\uc740 \uad00\ub9ac \uac00\ub2a5\ud574 \ubcf4\uc774\uc9c0\ub9cc, 2026\ub144 1\uc6d4\uc5d0\ub294 45\uc5b5 \ub2ec\ub7ec\uac00 \ub9cc\uae30\ub41c\ub2e4.
    \uacbd\uc81c\ud300\uc740 2026\ub144\uacfc 2027\ub144\uc5d0 \uad6d\uc81c\uae30\uad6c\ub97c \uc81c\uc678\ud55c \ub2ec\ub7ec \ucc44\uad8c \ub9cc\uae30\uac00 340\uc5b5 \ub2ec\ub7ec\uac00 \ub118\uae30 \ub54c\ubb38\uc5d0 \uadf8\uc804\uc5d0 \uad6d\uc81c \ucc44\uad8c\uc2dc\uc7a5 \ubcf5\uadc4\ub97c \uc704\ud574 \ub178\ub825\ud558\uace0 \uc788\ub2e4.<\/li>\n\n\n\n
  3. \ub3c4\ub9e4\ud658\uc728 11\uc6d4 \uc0c1\uc2b9\uc138\ub85c \ucd9c\ubc1c
    \ub3c4\ub9e4\ud658\uc728\uc740 \uc6d4\uc694\uc77c 1,482 \ud398\uc18c (2.6%)\ub85c \ub9c8\uac10\ud574, \ubc34\ub4dc \uc0c1\ud55c\uc120\uc778 1,497.50 \ud398\uc18c\ubcf4\ub2e4 1.04% \ub0ae\uc740 \uc218\uc900\uc73c\ub85c \ub05d\ub0ac\ub2e4.
    10\uc6d4\uc740 \uc6d4\uac04 \uae30\uc900\uc73c\ub85c 4.7% \uc0c1\uc2b9\ud55c 1,445 \ud398\uc18c\ub85c \ub9c8\uac10\ud588\uc5c8\ub2e4.
    \uc774\ub7f0 \ubc18\ub4f1\uc740 \ub2ec\ub7ec \uacf5\uae09 \uac10\uc18c\uc640 \ud398\uc18c \uc720\ub3d9\uc131 \uc99d\uac00 \ub54c\ubb38\uc774\ub2e4.
    \ub9cc\uae30 \ucc44\uad8c 57% \uac31\uc2e0\uacfc \ud658\uc728 \ubc29\uc5b4 \ubaa9\uc801\uc758 \ub2ec\ub7ec \ub9e4\uc218 \uc18c\ubb38\uc774 \uc788\ub2e4.
    \uc815\ubd80\ub294 \uacfc\ub3c4\ud55c \ud658\uc728 \ud558\ub77d\uc744 \ub9c9\uc544 \uc218\ucd9c \uacbd\uc7c1\ub825\uc744 \uc720\uc9c0\ud558\uace0 \uc911\uc559\uc740\ud589\uc758 \uc678\ud658\ubcf4\uc720\uc561 \uc99d\uac00\uc5d0 \ucc28\uc9c8\uc774 \uc0dd\uae30\ub294 \uac83\uc744 \ubc29\uc9c0\ud558\uae30 \uc704\ud574\uc11c\ub2e4.
    MEP \ud658\uc728\uc740 1,500.47 \ud398\uc18c, CCL \ud658\uc728\uc740 1,521.99 \ud398\uc18c\ub85c \ub9c8\uac10\ud588\ub2e4.<\/li>\n\n\n\n
  4. \ubd80\uc5d0\ub178\uc2a4\uc544\uc774\ub808\uc2a4 \uc99d\uc2dc \ub7a0\ub9ac \uacc4\uc18d
    \uad6d\ub0b4\uc2dc\uc7a5\uc758 \uc0c1\uc2b9\uc138\ub294 \uc5b4\uc81c\ub3c4 \uc774\uc5b4\uc838 11\uc6d4 \uccab \uac70\ub798\uc77c\uc5d0 Merval \uc9c0\uc218\ub294 3.4% \uc0c1\uc2b9\ud588\ub2e4.
    \ub2ec\ub7ec\ub85c\ub294 2.4% \uc0c1\uc2b9\uc774\ub2e4.
    \uc6d4\uc2a4\ud2b8\ub9ac\ud2b8\uc758 ADR\uc740 \ucd5c\ub300 7.1%\uae4c\uc9c0 \uc62c\ub790\ub2e4.
    \ub2ec\ub7ec \ucc44\uad8c\uc740 \ucd5c\ub300 0.7% \ud558\ub77d\ud588\uace0, \uc678\uad6d \ubc95\ub960\uc5d0 \ub530\ub974\ub294 Bonares \ucc44\uad8c\uc740 \ucd5c\ub300 1.1% \ub0b4\ub838\ub2e4.
    \ucc44\uad8c\uc758 \uc18c\ud3ed \ud558\ub77d\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0 \ub099\uad00\ub860\uc740 \uc720\uc9c0\ub418\uace0 \uc788\ub2e4.<\/li>\n\n\n\n
  5. 10\uc6d4 \uc138\uc218 \uc5f0\uac04 26.5% \uc99d\uac00\uc640 \uc2e4\uc9c8\uc801 \uac10\uc18c
    ARCA (\uc138\uae08\ubc0f\uad00\uc138\uad00\ub9ac\uccad)\uac00 \ubc1c\ud45c\ud55c 10\uc6d4 \uc138\uc218 \ucd1d\uc561\uc740 16\uc870 1\ucc9c\uc5b5 \ud398\uc18c\uc774\ub2e4.
    \uba85\ubaa9\uc0c1 \uc99d\uac00\ub294 \uc5f0\uac04 26.5%\uc774\uc9c0\ub9cc, \uc778\ud50c\ub808\uc774\uc158\uc744 \uace0\ub824\ud558\uba74 \uc2e4\uc9c8\uc801\uc73c\ub85c 3.5% \uac10\uc18c\ud55c \uac83\uc774\ub2e4.
    \uc791\ub144 10\uc6d4\uacfc \ube44\uad50\ub294 \uc65c\uace1\ub418\uc5b4 \ubcf4\uc778\ub2e4.
    \uc65c\ub0d0\ud558\uba74 2024\ub144 10\uc6d4\uc5d0\ub294 \ub2e4\uc591\ud55c \uc870\uce58\ub85c \uc138\uc218\uac00 \ucd94\uac00\ub85c \ub4e4\uc5b4\uc654\uae30 \ub54c\ubb38\uc774\ub2e4.
    ARCA\ub294 \uc774\ub7f0 \uc608\uc678\uc801\uc778 \uc138\uc218 \ud6a8\uacfc\uac00 \uc5c6\uc5c8\ub2e4\uba74, \uc5f0\uac04 \uc57d 37% \uc99d\uac00\ud588\uc744 \uac83\uc73c\ub85c \uc608\uc0c1\ub41c\ub2e4\uba70 \uc138\uc218\uc758 \uacac\uace0\ud55c \ud68c\ubcf5\uc744 \uc2dc\uc0ac\ud55c\ub2e4\uace0 \ubc1d\ud614\ub2e4.<\/li>\n\n\n\n
  6. \ub18d\uc5c5\uacc4 9\uc6d4 \uc774\ud6c4 \ud658\uc804 \uae09\uac10
    \ub18d\uc5c5\uacc4\ub294 9\uc6d4\uc758 \uae30\ub85d\uc801\uc778 \uc678\ud654 \uc720\uc785 \uc774\ud6c4, 10\uc6d4\uc740 \uae09\uac10\ud558\uc5ec \ud658\uc804\uc774 11\uc5b5 1700\ub9cc \ub2ec\ub7ec\uc5d0 \ubd88\uacfc\ud588\ub2e4.
    \uc774\ub294 \uc804\ub144 \ub3d9\uae30 \ub300\ube44 56% \uac10\uc18c\uc774\uba70, \uc804\ub2ec\ubcf4\ub2e4 84%\ub098 \uac10\uc18c\ud574 \uc62c\ud574 \ucd5c\uc800\uc600\ub2e4.
    \uc774\ub7f0 \uae09\uaca9\ud55c \ud558\ub77d\uc740 10\uc6d4\uc5d0\uc11c 12\uc6d4 \uc0ac\uc774\uc5d0 \uc218\ucd9c\ud560 \ubb3c\ub7c9\uc774 9\uc6d4\uc5d0 \uc218\ucd9c\ud588\uae30 \ub54c\ubb38\uc774\ub2e4.
    \uc815\ubd80\ub294 \uc774\ub7f0 \uc2dc\ub098\ub9ac\uc624 \uc18d\uc5d0\uc11c 1\uc6d4\uc5d0 \ub3c4\ub798\ud558\ub294 45\uc5b5 \ub2ec\ub7ec \ub9cc\uae30 \uc0c1\ud658\uc744 \uc704\ud574, \ubbf8\uad6d \uc740\ud589\uacfc \uae08\uc735 \uc9c0\uc6d0\uc744 \uc704\ud55c \ud611\uc0c1\uc744 \uacc4\uc18d\ud558\uace0 \uc788\ub2e4.
    \ud558\uc9c0\ub9cc 1\uc6d4\ubd80\ud130 10\uc6d4\uae4c\uc9c0\uc758 \ub18d\uc5c5 \uc218\ucd9c\uc740 \ub192\uc740 \uc218\ud655\ub7c9\uacfc \uc548\uc815\uc801\uc778 \uad6d\uc81c\uc2dc\uc138\uc5d0 \ud798\uc785\uc5b4 \uc804\ub144 \ub3d9\uae30 \ub300\ube44 40% \uc99d\uac00\ud588\ub2e4.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

    \uc624\ub298\uc758 \uacbd\uc81c<\/p>\n","protected":false},"author":6,"featured_media":9992,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_joinchat":[],"footnotes":""},"categories":[23,25,61],"tags":[],"class_list":["post-9991","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\/9991","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=9991"}],"version-history":[{"count":0,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/9991\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/media\/9992"}],"wp:attachment":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9991"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}