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Montevideo, March 28th 2024 - 14:50 UTC

Tag: blue dollar

  • Tuesday, July 25th 2023 - 11:48 UTC

    Argentina: “Blue” dollar rises yet again

    Massa wants to avoid an abrupt devaluation ahead of the elections

    The “blue” (a euphemism for “black market”) exchange rate between the Argentine peso and the US dollar rose over AR$ 20 -trading at AR$ 550/US$1- for an accumulated increase of AR$37 in the last 11 days after the latest announcements from the Economy Ministry, it was reported in Buenos Aires.

  • Thursday, July 20th 2023 - 09:17 UTC

    Buenos Aires: “Blue” dollar keeps going up amid police raids

    Aníbal Fernandez explained that they were trying to arrest a mysterious group known as “the liquidators”

    Argentina's Central Bank (BCRA) Wednesday sold US$ 130 million and 288 million yuan (around US$ 40 million) in a desperate move to keep the “blue” (a euphemism for “black market”) quotation from soaring any further after reaching AR$ 527 / US$ 1.

  • Saturday, July 15th 2023 - 10:36 UTC

    Argentina: “Blue” dollar keeps going up

    Economists said the increase was to be expected

    The “blue” (an euphemism for “black market”) dollar kept soaring Friday against the Argentine peso, reaching AR$ 525 at some point but closing the week at AR$ 522, it was reported in Buenos Aires for an AR$ 31 increase in the last five days and AR$ 13 from Thursday.

  • Thursday, July 13th 2023 - 10:56 UTC

    Argentina: “Blue” dollar pierces AR$ 500 barrier

    Meanwhile, Massa held a working meeting with senior executives of firms associated with the Japan Business Federation (Keidanren)

    The “blue” (a euphemism for “black market”) dollar Wednesday pierced the AR$ $500 barrier and set a new record high, it was reported in Buenos Aires. Meanwhile, the official exchange rate also went up despite the Central Bank (BCRA) selling some of its reserves.

  • Wednesday, July 12th 2023 - 10:08 UTC

    Argentina: “Blue” dollar hits new record high

    Massa is regarded as someone who can bring on stability

    The “blue” (a euphemism for “black market”) dollar closed at AR$ 493 / AR$ 498 (buy / sale) Tuesday, hitting an all-time high following an AR$ 5 increase so far this week, it was reported in Buenos Aires financial circles. At some point Tuesday it reached AR$ 499.

  • Friday, April 28th 2023 - 11:15 UTC

    “Blue” dollar keeps backtracking in Argentina

    Massa secured a US$ 690 million loan with the Development Bank of Latin America (CAF) during a meeting in Uruguay. Photo: Gastón Britos / FocoUY

    The “blue” (a euphemism for “black market”) dollar dropped to AR$ 467 Thursday after further announcements and measures from Argentine authorities, after reaching an intraday record of AR$ 497 on Tuesday. It is still an AR$ 72 peso (18.2%) increase for the month of April.

  • Thursday, April 27th 2023 - 10:32 UTC

    Argentina: US dollar recoils after Minister Massa's measures

    Massa managed to calm down the market frenzy

    After the “blue” (a euphemism for “black market”) dollar reached nearly AR$ 500 on Tuesday, Superminister Sergio Massa's measures “in order to avoid speculative maneuvers” resulted in a drop to AR$ 474, it was reported in Buenos Aires.

  • Tuesday, April 25th 2023 - 19:46 UTC

    Argentine gov't losing grip: peso keeps plummeting

    ”We have been experiencing an atypical situation of rumors, versions, false reports, and their consequent impact on financial instruments linked to the dollar,” Massa explained

    By Mordechai Taji – Argentina's authorities are losing grip of the economy as the “blue” (a euphemism for “black market”) dollar hit AR$ 497 Tuesday before recoiling to AR$ 487, then bouncing back to AR$ 490, down again to AR$ 487 and back up once more to AR$ 495 amid growing unrest.

  • Tuesday, April 25th 2023 - 12:57 UTC

    “Blue” dollar hits AR$ 462 in Argentina

    In this scenario, the AR$ 300 agrodollar would be insufficient to yield the results the government expected

    The “blue” (a euphemism for “black market”) dollar went up another AR$S 20 Monday to close at AR$ 462 and somehow match inflation in other items of the country's economy, which it was lagging.

  • Friday, April 14th 2023 - 10:40 UTC

    Argentina: “Blue” dollar hits psychological AR$ 400 mark

    The devaluation of the official rate was only 0.07% to stand at AR$ 221.61

    The unofficial exchange rate known as “blue” (a euphemism for “black market”) between the Argentine peso and the US dollar crossed the psychological US$ 1 / AR$ 400 barrier Thursday just a few days after the “agro” rate was implemented in a move to curb the volatile parity.