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Montevideo, March 28th 2024 - 19:17 UTC

Tag: blue dollar

  • Thursday, October 5th 2023 - 09:20 UTC

    Blue dollar knows no ceiling in Argentina

    Since it was launched on May 22, the AR$ 2,000 bill lost around 66% of its value against the “blue” dollar

    The “blue” (a euphemism for “black market”) US dollar closed at AR$ 843 Wednesday after touching AR$ 850 at some point during the day, it was reported in Buenos Aires. The new quotation at the end of the day was AR$ 36 higher than Tuesday's and meant an AR$ 497 increase so far in 2023 after reaching AR$ 346 at the end of 2022. Hence, the new gap with the official exchange rate stood at 141.4%.

  • Wednesday, October 4th 2023 - 09:55 UTC

    Argentina: “Blue” dollar hits new all-time high

    The BCRA sold reserves Tuesday after 35 straight days of purchases

    The “blue” (a euphemism for “black market”) dollar rose AR$ 10 Tuesday and sold for AR$ 810, thus setting a new record, it was reported from Buenos Aires.

  • Friday, September 29th 2023 - 08:50 UTC

    Argentina: “Blue” dollar back on the rise

    The blue dollar is the only rate available to ordinary citizens, given the numerous restrictions on currency exchange

    The so-called “blue” (a euphemism for “black market”) US dollar climbed sharply against the Argentine peso on Thursday, reaching a rate of US$ 1 = AR$ 790, it was reported in Buenos Aires. This was the highest rate since August 16, when it reached AR$ 795, and represented an increase of AR$ 43 in three days and AR$ 15 in just one day.

  • Thursday, August 17th 2023 - 11:46 UTC

    “Blue” dollar rises AR$ 50 in one day

    When will the “blue” dollar stop increase after the PASO elections?

    The “blue” (a euphemism for “black market”) dollar reached a new all-time-high Wednesday in Argentina and closed at AR$ 780 after hitting AR$ 800 at some point during the day, it was reported in Buenos Aires. On Tuesday it traded at AR$ 730 after Monday's 22% devaluation which drove it from AR$ 600 on Friday. It traded at AR$346 at the end of 2022.

  • Tuesday, August 15th 2023 - 10:20 UTC

    Argentine gov't orders 22% devaluation of the peso

    The “blue” dollar rose from AR$ 605 to AR$ 685 in one trading day

    The Government of Argentina Monday ordered a 22% devaluation of the national currency which stood at AR$ 365 / US$ 1 on the official market. Financial authorities also raised the interest rate from 97% to 118% annually, it was reported in Buenos Aires. Thus, the monthly rate will be 9.83% and the effective annual rate will be 209%.

  • Saturday, August 12th 2023 - 10:58 UTC

    Argentina: “Blue” dollar still climbing on last working day before PASO elections

    Economy Minister and presidential candidate Sergio Massa could announce no measures due to the electoral ban

    The “blue” (a euphemism for “black market”) dollar climbed AR$ 3 and reached AR$ 605 on the last working day before Sunday's Open, Mandatory, and Simultaneous Primary (PASO) elections in Argentina, it was reported Friday in Buenos Aires. Meanwhile, the official exchange rate closed at AR$ 300.

  • Thursday, August 10th 2023 - 11:45 UTC

    Argentina: “Blue” dollar reaches AR$ 600

    The parallel quotation went up amid threats of police raids to illegal exchange parlors where there was no trading for several hours until the rumors subsided

    The “blue” (a euphemism for “black market”) dollar in Argentina Wednesday pierced the AR$ 600 barrier for the first time just days ahead of Sunday's Simultaneous, Open, and Mandatory Primary (PASO) elections while the official quotation neared AR$ 300, it was reported in Buenos Aires.

  • Friday, August 4th 2023 - 10:56 UTC

    “Blue” dollar knows no ceiling in Argentina

    A devaluation of around 20% is expected after the Aug. 13 PASO elections

    The “blue” (a euphemism for “black market”) dollar went up again Thursday in Argentina hitting a new all-time high of AR$ 570 at the end of the day as the Aug. 13 Simultaneous, Mandatory, and Open Primary (PASO) presidential elections loom over, it was reported in Buenos Aires.

  • Wednesday, August 2nd 2023 - 10:55 UTC

    Argentina: “Blue” dollar keeps soaring as elections loom over

    These figures came after Sergio Massa's latest measures to bolster the BCRA reserves

    The “blue” (a euphemism for “black market”) dollar rose another AR$ 10 Tuesday, reaching AR$ 560, its highest quotation ever, less than two weeks ahead of the Open, Simultaneous, and Mandatory Primary (PASO) elections in Argentina, it was reported in Buenos Aires. The gap with the wholesale (official) dollar stood at 102.79%. So far in 2023, the US currency in the parallel market accumulates an increase of AR$ 214 after closing 2022 at AR$343.

  • Friday, July 28th 2023 - 10:45 UTC

    Argentina: “Blue” dollar breaks another record

    The BCRA sold some 13 million yuan (around US$ 2 million).

    The so-called “blue” (a euphemism for “black market”) dollar in Argentina broke another record Thursday and closed at AR$ 553, it was reported in Buenos Aires. In some provinces such as Buenos Aires and Santa Fe the quotation went up to AR$558, according to local media.