thus currency difference with the official wholesale exchange rate It stands at 145.8%, very close to the peak of 149% reached in October 2020.
Amid strong exchange rate tensions, The government is preparing new measures to deal with the situation with the dollar. On the one hand, faced shortage of foreign exchange in order to strengthen the reserves and start the productive system; And on the other hand from the inflationary impact generated by the record blue dollar, which encourages expectations.
As confirmed by a spokesperson for the Presidency, Gabriella Cerutti, this Thursday, will hold a meeting with Economy Minister Silvina Batakis’ economic cabinet to “analyze the various measures that could be communicated by the end of this week or next week.”
“The movements we are seeing in exchange rates respond to two factors, on the one hand, growing mistrust in the peso and the government’s ability to move towards a risk-reducing macroeconomic equilibrium,” Eugenio Mari, economist at the Fundación Libertad y Progreso, said. “The monetary issue celebration that the Central Bank is doing, which has flooded the peso market, logically caused a fall in its value”He added.
The unofficial dollar surpassed its historic nominal range of $295 a day earlier, which it marked last Friday.
Since the government decided to implement new measures on the official dollar, in this case on the so-called tourist dollar (it became 10% more expensive) last Wednesday, Blue Dollar makes an advance deposit of $35.
Exchange rate pressure has been building up since the BCRA tightened the exchange rate clamp on companies in late June, and has intensified since the resignation of the then economy minister, Martin Guzmanearlier this month.
arrival of sylvina batakiso To replace it, and last Monday’s announcement of a series of measures aimed at bridging the higher fiscal deficit, has so far failed to defuse tensions over parallel exchange rates.
blue dollar price in july
during July, The blue dollar accumulates an increment of $80, Which represents the biggest monthly advance ever in the year, after ending June at $238.
The unofficial dollar rose by $31 (+15%) in June after rising $6.50 (3.2%) in May.
The parallel dollar gained 50 cents in April and declined by $11 in March, its worst performance in 14 months. Last February, it fell to $6.50 (-3%) after rising $5 or 2.4% in January.
blue dollar price in year
So far this year, the unofficial dollar moves ahead of $110 after closing 2021 at $208.
During the previous year, the blue dollar registered a growth of 25.3% ($42), which was half as much as inflation (50.9%) for that period. However, it is worth remembering that in 2020 it showed a sharp jump of 111% (compared to 36% inflation).
What is a blue dollar?
The value of the blue dollar varies substantially with the official dollar, which is acquired in banks and has an established price. It is sold in the informal market, without any rules or limits, and for this reason it is generally operated at a value higher than the official dollar.
Why is it called a blue dollar?
The origin of the blue dollar as a denomination for the circulation of banknotes in the informal market is unclear. But there are principles.
The interpretation of its name indicates that it is so called because in English, “blue”, in addition to naming the color blue, refers to something “dark”.
Another theory relates it to buying operations through bonds or shares of companies known as “blue chips”. They also associate it with the approximate color that appears when Fibron is applied to detect counterfeit bills.
Savings and Tourist Dollar Bid
Savings Dollar or Solidarity Dollar -retail plus tax- rose 12 cents to $224,565.
For its part, the new tourist dollar, which has a 45% collection for advances of income and personal property tax, in addition to the PAIS tax (30% surcharge), Amount 12 cents to $238.26.