The quote of the dollar once again reflected the volatility and significant differences between the official market and the parallel market, known as the blue dollar. This phenomenon is a reflection of the economic and political tensions that the country is going through, and has a direct impact on the daily lives of Argentines.
He dollar The official exchange rate, controlled by the Central Bank of the Argentine Republic (BCRA), was quoted at $923 for purchase and $963 for sale in banking entities. This rate is the one used for official and commercial transactions, and is subject to various regulations and restrictions imposed by the government.
He dollar The official exchange rate is a key tool in the country’s economic policy, as its value influences inflation, foreign trade and financial stability. On the other hand, the blue dollar, which is traded in the informal market, was quoted at $1,330 for purchase and $1,350 for sale.
This rate is significantly higher than that of the official dollar, reflecting the distrust of markets and citizens in the formal economy and government policies. The gap between the official dollar and the blue dollar is an indicator of economic uncertainty and lack of confidence in the local currency.
Fountain: Dollar Today.
This Wednesday, August 21, the dollar The blue dollar is quoted at $1335 for purchase and $1355 for sale. Meanwhile, the official dollar is quoted at $923 for purchase and $963 for sale.Several factors contribute to the difference between the official dollar and the blue dollar:
The BCRA’s decisions on money issuance and interest rates have a direct impact on the dollar’s exchange rate. Restrictions on the purchase of official dollars also boost demand in the parallel market.
Inflation
High inflation in Argentina reduces the purchasing power of the local currency, leading citizens to seek refuge in the dollar. This increases the demand for dollars on the parallel market and raises its price.
The perception of investors and citizens about the country’s economic future influences the price of the dollarPolitical uncertainty, elections and economic policies can cause significant fluctuations in the value of the dollar.
