Yesterday, Tuesday, October 22, the price of the dollar In Argentina it showed significant differences between the official dollar and the blue dollar, reflecting the complexity of the country’s exchange market.
He dollar official, controlled by the Central Bank of the Argentine Republic (BCRA), closed the day at $1,004.50 for sale and $964.50 for purchase. This variability of 0.3% compared to the opening of the market was due to various reasons, including the intervention of the BCRA in the exchange market.
That day, the BCRA bought $174 million in the official market, the largest intervention since September 24. This action was taken to strengthen the country’s reserves and stabilize the currency. On the other hand, the blue dollar, which is traded in the informal market, closed at $1,245 for sale and $1,225 for purchase.
The gap between the blue dollar and the official dollar reached 23.94%, showing the significant difference in the prices of the currency in different markets. This difference is due to the shortage of dollars in the official market and the high demand in the parallel market.
Fountain: Dollar Today.
Argentina’s economic context remains challenging, with a recession that has generated tensions in the financial market. The government has adopted a defensive strategy to manage the economy, seeking to reduce risks until the October 2025 midterm election.
However, there are also voices advocating a more aggressive approach, releasing exchange controls and normalizing the economy. The future prospects of the Argentine exchange market depend largely on the government’s economic policies and international conditions.
Values
The intervention of the BCRA and the possible liberalization of the exchange market are key factors that could influence the price of the dollar in the coming months. He dollar blue, this Wednesday, October 23, is trading at $1,225 for purchase and $1,245 for sale. Meanwhile, the blue dollar is trading at $964.50 for purchase and $1004.50 for sale.
The dollar price shows significant differences between the official dollar and the blue dollar, reflecting the complexity of the country’s exchange market. The intervention of the BCRA and the government’s economic policies will play a crucial role in the stabilization and evolution of the exchange rate in the future.
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