Tag: blue dollar

• Thursday, March 21st 2013 - 06:14 UTC

  Urgent meeting of Argentine economic team as US dollar jumps 10% to 8.75 Pesos

  

  President Cristina Fernandez called an urgent meeting on Wednesday evening of her economic team following a day of hectic trading in the currency exchange market which had the US dollar climb to 8.75 Pesos in the parallel market, expanding the gap with the official rate to almost 70%.

• Friday, March 15th 2013 - 06:57 UTC

  Argentina: dollar in black market climbs to milestone 8 Pesos and 57% gap with the official rate

  

  The black market dollar exchange rate in Argentina pierced the milestone 8 Pesos mark while the official rate climbed to 5.09 Pesos with the gap between the two markets reaching 57%. The other ‘cash’ option: buying Argentine shares in Buenos Aires and reselling them in New York climbed 10 cents to 8.46 Pesos.

• Thursday, July 19th 2012 - 08:18 UTC

  US dollar reaches new high in Argentina: 6.80 Pesos

  

  The US dollar reached a new high in the Argentine informal market during Wednesday trading at 6.74 pesos, 25 cents more than on Tuesday while the gap with the official exchange rate jumped to 47.2%.

• Wednesday, July 18th 2012 - 08:30 UTC

  “Informal” and “blue” dollar in Argentina soars to 6.60 and 6.78 Pesos

  

  Argentina's Peso sank in informal trade on Tuesday due to intense demand for US dollars from anxious savers and holidaymakers dodging the government clamp on international currency purchases.