The Central Bank’s board of directors made changes to the foreign exchange access policy on Monday to restrict some operations at a time when the country is facing a significant increase in imports.
The monetary authority restricted access to foreign exchange for luxury goods such as luxury cars and airplanes, while expanding access to foreign exchange for small and medium-sized companies to 115% of the imported value in 2021, from a previously established limit of 105%. up to a maximum of $1 million. On the other hand, it extended the import financing system to the system used for purchases with non-automatic licenses.
Blue dollar price in June
In June, the blue dollar rose $31, which represents its biggest monthly advance in the year, following ending May at $207.
Let us remember that last month, the informal dollar rose $6.50 or 3.2%, although it was below inflation (a floor of 5% is estimated), and the increase in the official exchange rate (+4.2% ).
The parallel dollar rose 50 cents in April, and lost $11 in March, its worst performance in 14 months. Last February, it fell $6.50 (-3%), following rising $5 or 2.4% in January.
Blue dollar in the year
So far this year, the informal dollar has advanced $31, following closing 2021 at $208.
During the past year, the blue dollar registered a rise of 25.3% ($42), half compared to the inflation of the period (50.9%). However, it is worth remembering that in 2020 it had shown a sharp jump of 111% (compared to 36% inflation).
What is the blue dollar?
The value of the blue dollar has a substantial difference with the official dollar, which is acquired in banks and has an established price. Its sale is in the informal market, without regulations or limits, and for this reason it is generally operated at a value greater than the official dollar.
Why is it called the blue dollar?
The origin of the blue dollar as a denomination for the operation of the banknote in the informal market is not clear. But there are theories.
An explanation 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 purchase operations through bonds or shares of companies known as “blue chips”. They also link it to the approximate color that appears when a fibron is applied to detect counterfeit bills.
Price of the savings or tourist dollar
The savings dollar or solidarity dollar -retail plus tax- it stands at $215.23 on average.
