The informal dollar has jumped 21.6% in the last 30 days. Analysts say it is a reflection of the market’s uncertainty regarding the economy
Economics
The government raided informal dollar exchange houses known as ‘cuevas’
The official figure will be announced next Tuesday, following the primary elections
Horacio RodrÃguez Larreta’s economic adviser spoke with the Wilson Center’s Latin America Program
The informal exchange rate rose by ARS$22 over the course of Monday
The inter-annual figure was 117.9%
The country will receive an equivalent of US$755 million it will use to meet its interest payment deadline
The country’s benchmark interest rate was reduced by 50 basis points to 13.25%
The decision was made to stop an arbitrage maneuver that further deepened the international reserve scarcity