On Wednesday, January 15, 2025, the price of dollar In Argentina it showed significant differences between the official dollar and the blue dollar. The blue dollar, which is traded in the parallel market, was quoted at $1,240 for sale and $1,230 for purchase.
On the other hand, the official dollar, available in banks and exchange houses, was quoted at $1,060.50 for sale and $1,020.50 for purchase at Banco Nación. The exchange rate gap between dollar blue and the official dollar stood at approximately 16.1%, reflecting the substantial difference in the prices of both currencies.
This gap is an indicator of inflationary pressure and demand for currencies in the parallel market. In addition to the dollar blue and the official dollar, other types of dollars are also quoted in Argentina, such as the counted dollar with settlement (CCL) and the MEP dollar. The CCL dollar was quoted at $12.10 and the MEP dollar at $1,162.32 for purchase and $1,162.93 for sale.
The difference between the blue dollar and the official dollar has been a recurring theme in the Argentine economy, and the exchange gap has varied over time due to factors such as monetary policy, inflation and economic stability.
Fountain: Dollar Today
In recent months, the gap has increased, indicating greater demand for currencies in the parallel market. The Central Bank of the Argentine Republic (BCRA) has implemented various measures to try to control inflation and stabilize the economy, but the difference between the blue dollar and the official dollar remains a challenge.
Interest rate policy and intervention in the exchange market are some of the tools used by the BCRA to try to reduce the exchange rate gap and control inflation. In the context of the Argentine economy, the blue dollar has been an alternative for those seeking to protect their assets against inflation and the devaluation of the peso.
However, trading with the blue dollar involves legal and financial risks, since it is traded in the parallel market and is not regulated by the monetary authorities. The Minister of Economy, Luis Caputo, has highlighted the importance of continuing to work on economic stabilization and reducing the exchange rate gap.
According to Caputo, cooperation between the public sector and the private sector is essential to achieve these objectives and ensure long-term sustainable growth. The quote of dollar blue and the official dollar reflects the significant differences in the prices of both currencies and the exchange gap that persists in the Argentine economy.
follow us on Google News and on our channel instagramto continue enjoying the latest news and our best content.
