Leaps in the parallel rate have left the gap between the official and informal rates at 129%
Leaps in the parallel rate have left the gap between the official and informal rates at 129%
The monetary authority has made it mandatory for bureaus de change to use an electronic system for their transactions
The government raided informal dollar exchange houses known as ‘cuevas’
The official figure will be announced next Tuesday, following the primary elections
The informal exchange rate rose by ARS$22 over the course of Monday
Unyielding stress continues on the peso despite Central Bank positive balance
Wholesale import prices have risen by 55 percentage points more than the increase in the official dollar, prompting businesses to use a “mix” between official and blue rates for costs and transactions.
The informal exchange rate rose by ARS$24 over the course of Monday
Security Minister Aníbal Fernández said they are investigating financial intermediation maneuvers