On Tuesday, October 15, the price of the dollar in Argentina it showed significant differences between the official dollar and the blue dollar, reflecting the persistent exchange gap that characterizes the Argentine market.
This day was particularly relevant due to the volatility observed in the financial markets and the continuous search for economic stability by citizens. He dollar official, which can be acquired through banks and authorized exchange houses, was quoted at $999.50 for sale and $959.50 for purchase at the Banco de la Nación Argentina (Banco Nación).
This price difference, known as the “exchange gap”, remains a constant challenge for Argentines seeking access to foreign currency to protect their assets against inflation.
In contrast, the dollar blue, which is traded in the parallel market and is not regulated by the Central Bank, was quoted at $1,190 for sale and $1,160 for purchase. This difference of approximately 17.7% between the blue dollar and the official dollar reflects the high demand for currency in the informal market and the lack of confidence in the stability of the Argentine peso.
Fountain: Dollar Today.
In addition to the dollars official and blue, other exchange rates also showed significant variations. The MEP dollar (Electronic Payment Market), which allows the purchase and sale of Argentine stocks and bonds in international markets, was quoted at $293.92.
On the other hand, the dollar cash with settlement (CCL), which is traded in the financial market and is subject to taxes, traded at $18.20. This Wednesday, the blue dollar is trading at $1,215 for purchase and $1,235 for sale. Meanwhile, the official dollar is quoted at $960 for purchase and $1000 for sale..
Price
The quote of dollar In Argentina it is influenced by a series of economic and political factors. Inflation, which has been a persistent problem in the country, plays a crucial role in the currency’s valuation.
In addition, the economic policies implemented by the government, such as restrictions on the purchase of foreign currency and taxes on transactions in the financial market, also affect the price of the dollar.
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