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.
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.
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.
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.
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.
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.
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.
The blue (a euphemism for black market) dollar traded at AR$ 945 on Monday, thus reaching a new all-time high, it was reported in Buenos Aires as the Oct. 22 presidential elections loom over.
The so-called blue (a euphemism for black market) dollar traded at AR$ 885 on Friday for a total increase of AR$539 so far this year and AR$ 42 overnight, it was reported in Buenos Aires. At some point Friday, it hit the psychological AR$ 900 landmark.
As underground exchange parlors were raided Thursday, the blue (a euphemism for black market) dollar soared against the Argentine peso, it was reported in Buenos Aires.