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MercoPress, en Español

Montevideo, July 27th 2024 - 00:34 UTC

Tag: blue dollar

  • Monday, July 15th 2024 - 10:33 UTC

    Argentine President warns of hard times ahead

    Milei announced a new intervention in the currency exchange market to bring down the “blue” dollar by making pesos even scarcer

    Argentine President Javier Milei downplayed this weekend from Sun Valley, Idaho, the importance of the “blue” (a euphemism for “black market”) dollar going up in his country. However, he warned of “difficult” weeks to come as his Government starts a new zero-money-issuing phase, which he dubbed “a new upgrade of the monetary policy.”

  • Saturday, July 13th 2024 - 08:02 UTC

    Indec says Argentina's CPI in June reached 4.6%

    In this scenario, the “blue” dollar hit a new all-time high

    The Consumer Price Index (CPI) reached 4.6% last month in Argentina for a year-on-year 271.5%, according to a National Institute of Statistics and Census (Indec) survey released Friday. These figures also yielded a 79.8% increase in the first semester of 2024.

  • Monday, April 8th 2024 - 10:22 UTC

    Milei reverses shopping trends in less than 4 months in office

    No question about it: Argentina has become expensive in US dollars

    Argentine President Javier Milei has been in office for less than 4 months, more than enough time to turn things around for people in neighboring countries. Uruguayans who used to do their shopping across the border no longer find it profitable, while Argentines flocked to Chile over the Easter weekend to do theirs.

  • Thursday, January 18th 2024 - 21:13 UTC

    Argentina: Record highs in parallel dollar rates as the country grapples with economic challenges

    While the wholesale dollar rises by only 70 cents to $819.30, the dynamic “blue” dollar or parallel rate was around $1,240, near its intraday nominal peak of $1,250, presenting a 51.4% gap

    The strength of the dollar in alternative markets is once again exerting pressure on financial dealings on Thursday, with the exchange rate gap reaching 60%, posing challenges to President Javier Milei's economic plan amidst soaring inflation and increasing poverty.

  • Wednesday, November 22nd 2023 - 10:10 UTC

    Argentina:“Blue” dollar bounces back nearing historic highs

    For the liquidation of exports, an average quotation of AR$ 620 was used

    The “blue” (a euphemism for “black market”) dollar rose AR$ 125 Tuesday on the first working day after Sunday's presidential runoff and once again pierced the psychological AR$ 1,000 barrier upwards, closing at AR$ 1.025 / 1.075 (buy/sell), thus getting closer to its historical AR$ 1,100 high for a gap of 202% with the official quotation.

  • Friday, October 27th 2023 - 10:25 UTC

    Sharp drop on “blue” dollar reported in Argentina

    Customs and police raids have discouraged informal currency exchange transactions

    The “blue” (a euphemism for “black market”) dollar has fallen sharply against the Argentine peso this week after Sunday's elections and the subsequent fracture within the opposition JxC coalition regarding whether to support or not Libertarian Congressman Javier Milei's bid against Economy Minister Sergio Massa at the Nov. 19 runoff.

  • Wednesday, October 25th 2023 - 10:51 UTC

    “The Croatian,” alleged mastermind behind the “blue” dollar, arrested in Buenos Aires

    The businessman is allegedly linked to laundering money for the Sinaloa cartel and would also run the largest illegal currency exchange parlor behind the ups and downs of the “blue” dollar

    Argentine authorities Tuesday arrested Ivo Rojnica, a.k.a. “The Croatian,” who is believed to be the mastermind behind the US dollar black market, commonly referred to as “blue,” it was reported in Buenos Aires.

  • Tuesday, October 24th 2023 - 09:39 UTC

    “Blue” dollar back on surging track day after Argentine elections

    Massa was said to be planning new measures to address this situation shortly

    The “blue” (a euphemism for “black market”) dollar stood at AR$ 1,100 Monday, an AR$ 200 increase from Friday's quotation, after Sunday's elections which saw Economy Minister Sergio Massa and Libertarian Congressman Javier Milei advance to the Nov. 19 runoff, it was reported in Buenos Aires.

  • Thursday, October 19th 2023 - 10:41 UTC

    Blue dollar plummets in Argentina

    Massa said the swap with China meant “great news”

    The “blue” (a euphemism for “black market”) dollar plunged on Wednesday, closing at AR$ 885/905 (buy/sell), down from AR$ 985 the previous day, after the extension of the swap with China was announced and raids on illegal exchange parlors known as “cuevas” (caves) intensified, leading to new arrests, it was reported in Buenos Aires.

  • Friday, October 13th 2023 - 09:26 UTC

    Argentina: “Blue” dollar falls back after illegal exchange parlors raided

    Massa insisted he would push for the prosecution of all those carrying out illegal exchange operations

    The “blue” (a euphemism for “black market”) dollar pierced the AR$ 1,000 threshold downward and closed Thursday at AR$ 980 after law enforcement raids at unofficial exchange parlors led to at least six people arrested ahead of the 4-day weekend, it was reported in Buenos Aires.

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