On Wednesday, the price of dollar In Argentina it presented significant variations in both the official and parallel markets, known as the blue dollar. This phenomenon is a reflection of the complex economic situation that the country is going through, marked by inflation, political uncertainty and exchange restrictions.
He dollar official, which is the exchange rate controlled by the Central Bank of the Argentine Republic (BCRA), was quoted at $964.50 for purchase and $1004.50 for sale. This value is the one used for official and commercial transactions, and is significantly lower than the blue dollar due to the restrictions imposed by the government to control the outflow of foreign currency and maintain economic stability.
He dollar official is accessible mainly to importers, exporters and those who need foreign currency to pay debts abroad. However, the restrictions on accessing this type of exchange are strict, which has led many individuals and companies to turn to the parallel market.
He dollar blue, on the other hand, is the exchange rate that is traded in the informal market. The blue dollar was quoted at $1,225.00 for purchase and $1,245.00 for sale.. The gap between the official dollar and the blue dollar is considerable, reflecting distrust in the economy and the high demand for dollars in the informal market.
Fountain: Dollar Today
The difference between both exchange rates is due to several factors. First, government-imposed exchange restrictions limit the amount of dollars that individuals and businesses can purchase at the official rate.
This creates unmet demand that is channeled into the parallel market. In addition, inflation and economic uncertainty increase the demand for dollars as a refuge of value, which puts upward pressure on the price of the blue dollar..
Price
This Thursday, October 24, the dollar blue is trading at $1210 to buy and $1230 to sell. Meanwhile, the blue dollar is trading at $905 for purchase and $1005 for sale. In addition, the MEP Dollar, which is used to purchase bonds in pesos and subsequently sell them in dollars, was quoted at $1,165.10.
The CCL dollar, similar to the MEP dollar, but used to transfer currency abroad. Its quote was $1,194.25. Crypto Dollar, used to purchase cryptocurrencies, was quoted at $1,193.71. The price of the dollar in Argentina is influenced by a series of economic and political factors.
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