On Thursday, the price of dollar official and the blue dollar in Argentina showed significant differences, reflecting the complexity of the Argentine exchange market. The official dollar, controlled by the Central Bank of the Argentine Republic (BCRA), was quoted at $965 for purchase and $1005 for sale.
On the other hand, the dollar blue, which is traded in the informal market, reached $1,210 for purchase and $1,230 for sale. The exchange gap between the official dollar and the blue remained stable at approximately 25%, a difference that has been constant for several months.
This gap is a reflection of the shortage of foreign currency in the official market and the high demand for dollars in the parallel market. The official dollar is negotiated in banks and authorized exchange houses, while the blue dollar is obtained through informal channels, such as the market of the City of Buenos Aires.
The difference in prices is due to several factors, including the BCRA’s monetary policy, inflation and investors’ perception of risk. This Friday, the dollar blue is trading at $1195 to buy and $1215 to sell. Meanwhile, the official dollar is trading at $966.50 for purchase and $1005.50 for sale.
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In addition to the official and blue dollars, there are other alternatives to access foreign currency in Argentina, such as the MEP dollar and the CCL dollar. The MEP dollar was quoted at $1,161.99 for purchase and $1,165.10 for sale, while the CCL dollar was traded at $1,183.65 for purchase and $1,193.10 for sale.
He dollar card, which is used for international transactions through credit and debit cards, operated at $1,608, reflecting the sum of the price of the official dollar plus PAIS taxes and Profit withholding.
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This price is significantly higher than that of the official dollar, which indicates the additional burden imposed by the Argentine tax system. The cryptocurrency market has also gained popularity in Argentina as an alternative to access currencies.
He dollar crypto, which allows the purchase and sale of dollars using cryptocurrencies, was quoted at $1,201.10. Although this option offers an alternative to the restrictions of the traditional exchange market, it also carries greater risk due to the volatility of cryptocurrencies.
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