He dollar official, which is the exchange rate controlled by the government and used for official and commercial transactions, was quoted at $982.50 for purchase and $1022.50 for sale on the screens of the Banco de la Nación Argentina (BNA).
This value represents a significant increase compared to previous months, reflecting inflation and the country’s monetary policies. The quote of dollar official is crucial for imports and exports, as well as for the calculation of various tariffs and services.
On the other hand, the dollar blue, which is traded in the informal market and is a reference for many unofficial transactions, was quoted at $1,135 for sale. This price of the blue dollar is significantly higher than that of the official dollar, which indicates a strong demand for dollars in the parallel market.
The gap between dollar official and the blue dollar stood at approximately 13.16%, reflecting distrust in the formal economy and the exchange restrictions imposed by the government. In addition to the official dollar and the blue dollar, there are other exchange rates that are relevant in the Argentine market.
Fountain: Dollar Today.
He dollar wholesale, used mainly by large companies and banks, closed at $1003. The MEP dollar (Electronic Payment Market) and the CCL dollar (Cash with Settlement), which are used for financial and investment operations, were quoted at $1,075.12 and $1,104.59 respectively.
These exchange rates allow investors to access dollars through the purchase and sale of bonds and stocks, offering an alternative to the official and blue market. This Wednesday, the dollar blue is trading at $1115 to buy and $1135 to sell. Meanwhile, the official dollar is quoted at $982.50 for purchase and $1022.50 for sale.
Factors
Inflation, which has been persistently high, erodes the purchasing power of the local currency and increases demand for dollars as a haven of value. The government’s monetary and fiscal policies, including exchange restrictions and capital controls, also play a crucial role.
These measures, although designed to stabilize the economy, often result in an increase in demand for dollars in the parallel market. The difference between the official dollar and the dollar blue has a significant impact on the Argentine economy. Companies that depend on imports face higher costs due to the need to acquire dollars in the parallel market.
follow us on Google News and on our channel instagramto continue enjoying the latest news and our best content.
