The quote of dollar once again reflected the volatility and economic tensions facing the country. On Thursday, the blue dollar, which is the parallel or informal exchange rate, was quoted at $1,240 for sale and $1,210 for purchase.
On the other hand, the dollar official, which is the exchange rate regulated by the Central Bank of the Argentine Republic (BCRA), was located at $987 for sale and $947 for purchase. The gap between the blue dollar and the official dollar remained significant, reaching approximately 27.97%.
This difference reflects the distrust of markets and individuals in the government’s ability to maintain economic stability and control inflation. The high demand for dollars in the parallel market is largely due to the exchange restrictions imposed by the government, which limit access to foreign currency in the official market.
The MEP dollar (Electronic Payment Market), which is a legal alternative to acquire dollars through the purchase and sale of bonds, was quoted at $1,209.79. For its part, the counted dollar with settlement (CCL), another tool used to obtain dollars by purchasing shares or bonds that are settled abroad, was located at $1,228.13.
Fountain: Dollar Today.
These quotes also reflect the high demand for dollars and the search for alternatives to overcome exchange restrictions. The crypto dollar, which refers to the price of the dollar on cryptocurrency platforms, it remained at $1,202.78.
This option has gained popularity among Argentines as a way to protect their savings from devaluation and inflation. Cryptocurrencies offer a decentralized and less regulated alternative to access foreign currencies.
More quotes
He dollar card, which includes the tax surcharge for foreign purchases and online services, was quoted at $1,579.20. This exchange rate is used for credit and debit card transactions abroad, as well as for streaming services and online purchases.
The tax surcharge, which includes the PAIS Tax (30%) and Profit withholding (45%), significantly increases the cost of the dollar for these transactions. This Friday, September 27, dollar blue is trading at $1210 to buy and $1230 to sell. Meanwhile, the official dollar is trading at $942 for purchase and $982 for sale.
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