Last week, the price of dollar blue and the official dollar in Argentina showed significant differences, reflecting the continued tension in the country’s exchange market. The blue dollar, which is traded in the parallel market and is not regulated by the Central Bank of the Argentine Republic (BCRA), was quoted at $1,110 for purchase and $1,130 for sale.
On the other hand, the dollar official, which is acquired in banks and is regulated by the BCRA, was quoted at $984.50 for purchase and $1024.50 for sale. The gap between the blue dollar and the official dollar remained high, with a difference of approximately 13%.
This difference is a clear manifestation of distrust in the country’s monetary policy and inflationary expectations. The blue dollar, which usually has a higher value than the official one due to scarcity and demand on the black market, reflects expectations of devaluation and the search for refuge in a more stable currency.
During the year 2024, the dollar blue has shown an increase of 5% compared to the previous year, while, in November 2024, the price fell by 8% compared to the previous month. These fluctuations are indicative of the volatility of the exchange market and the economic uncertainty facing Argentina.
Fountain: Dollar Today.
He dollar The official price, for its part, has maintained a relatively stable price, although it has also experienced variations due to BCRA policies and global economic conditions.
The central bank has intervened in the foreign exchange market on several occasions during the year, buying dollars to strengthen its international reserves and try to control inflation. This Monday the blue dollar is trading at $1115 for purchase and $1135 for sale. Meanwhile, the official dollar is trading at $986.50 for purchase and $1026.50 for sale.
Price
In addition to the blue dollar and the dollar official, other types of dollars were also quoted in the Argentine market on November 22, 2024The MEP dollar (Electronic Payment Market) was quoted at $1071.91 for purchase and $1074.60 for sale, while the CCL dollar (Cash With Liquidation) was quoted at $1,105.98 for purchase and $1,111.59 for sale.
He dollar crypto, which is traded on digital platforms, was quoted at $1,101.81. The difference between the blue dollar and the official dollar has been a recurring topic in the Argentine economic debate. The exchange rate gap not only affects the domestic economy, but also has international implications, since it affects the competitiveness of exports and the ability to import goods and services.
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