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MercoPress, en Español

Montevideo, November 21st 2024 - 17:36 UTC

Tag: dollar blue

  • Wednesday, October 11th 2023 - 15:18 UTC

    “Blue” dollar skyrockets past AR$ 1,000 threshold

    For services such as Spotify or Netflix, the quotation stands at AR$ 731

    The “blue” (a euphemism for the “black market” dollar) pierced the psychological AR$ 1,000 barrier Tuesday and closed the day at AR$ 1.010 after reaching AR$ 1.040 at some point, it was reported in Buenos Aires.

  • Tuesday, August 8th 2023 - 10:49 UTC

    Argentina: “Blue” dollar closes in on AR$ 600 threshold

    Cash from the IMFis hoped to bring on some tranquility after the PASO elections

    The “blue” (a euphemism for “black market”) dollar rose sharply on Monday and closed at AR$ 596, thus reaching a new all-time high ahead of next Sunday's Simultaneous, Mandatory, and Open Primary (PASO) elections, it was reported in Buenos Aires. The gap with the official quotation stood at 110.8%.

  • Saturday, April 22nd 2023 - 10:54 UTC

    Argentina: How did the President's announcement hit the foreign exchange market?

    It was the second consecutive day of acquiring dollars for the BCRA.

    President Alberto Fernández's announcement Friday that he would not seek reelection this year triggered the US dollar further up against the Argentine peso, reaching AR$437 / AR$442 (buy/sale) at the “blue” (a euphemism for “black market”) exchange rate. Meanwhile, the official rate stood at AR$217/AR$225 (buy/sale), for a gap of 102.26% between the two quotations.

  • Thursday, April 20th 2023 - 10:23 UTC

    How far up did the US dollar go Wednesday against the Argentine peso?

    After six days of purchases, Argentina's Central Bank had to sell dollars to avoid a sharper increase in the “blue” rate

    Argentine Economy Minister Sergio Massa seems unable to find a way out of the country's current crisis. In this scenario, the “blue” dollar (a euphemism for “black market”) rose five more pesos Wednesday to close at AR$ 423 as the Central Bank (BCRA) ended with a negative balance of US$197 million, this bringing a streak of six positive rounds to an end. The country risk remained at 2,474 basis points, according to JP Morgan's index.

  • Wednesday, April 19th 2023 - 10:44 UTC

    What triggered a new “blue” dollar rise in Argentina?

    Aracre (right) turned in his resignation to defuse rumors and appease the markets

    Rumors about Economy Minister Sergio Massa's possible resignation, the “blue” (a euphemism for “black market”) US dollar rose again Tuesday against the Argentine peso. President Alberto Fernández was reported to have a name to replace Massa: that of his Chief Advisor Antonio Aracre, who turned in his resignation Tuesday afternoon in a move to appease the markets.

  • Tuesday, April 18th 2023 - 10:50 UTC

    Argentina: “Blue” Dollar hits new ceiling of AR$ 408

    Traders and government officials foresee US$ 5 billion added to the BCRA reserves thanks to the agrodollar ending May 31.

    The “blue” (a euphemism for “black market”) dollar closed rose by AR$ 8 and closed at AR$ 408 Monday, reaching a new all-time high, it was reported in Buenos Aires. It had closed at AR$ 400 on Friday. The Argentine Central Bank bought US$ 73 million to add to its dwindled coffers.

  • Wednesday, July 20th 2022 - 10:45 UTC

    Argentina: unofficial dollar crosses psychological AR$ 300 barrier

    Argentines are quickly turning their pesos into anything more stable such as foreign currency or any other item, including cars and home appliances.

    The unofficial exchange rate between the local peso and the US dollar most commonly used by Argentines, also referred to as “blue,” Tuesday crossed the iconic AR$ 300, reaching an all-time high.

  • Monday, July 4th 2022 - 20:43 UTC

    No more foreign players for Argentine football clubs due to US dollar crisis

    Argentina's Central Bank has frozen money wirings abroad thus preventing clubs from hiring players from foreign clubs

    Argentina's current economic crisis is taking its toll on football. Transactions involving foreign players who were about to be hired by local clubs have been put on hold after local clubs have been rendered unable to have access to the amount of US dollars needed for the deal to go through.

  • Thursday, November 11th 2021 - 09:30 UTC

    Unofficial US dollar crosses 200-peso threshold in Argentina

    “The Central Bank has not lost reserves. In fact, it has accumulated them,” said Guzmán, whom the market seems to no longer trust

    As next Sunday's mid-term elections loom over and the government of President Alberto Fernández seems headed for inevitable defeat, desperate Argentinians turned to the currency black market to convert their volatile pesos into US dollars, thus piercing the psychological AR $ 200 threshold for the first time.

  • Friday, October 29th 2021 - 09:00 UTC

    Argentine Central Bank wants tourists to exchange money through formal channels

    Tourists will be able to open their accounts either remotely or upon arrival in the country and their passports or travel documents will be required, the Central Bank said

    As borders are about to reopen and tourists are expected to pour in, Argentine authorities have devised a mechanism whereby foreigners may exchange currency (US dollars) at a rate closer to the unofficial (“blue”) one.