Dollar Watch: Blue Dollar Dips as Central Bank Gobbles Up Reserves
The blue dollar eased on December 5th, marking a notable decline of $25 from the previous day’s closing price. This parallel currency now sits at $1,155 for sale and $1,035 for purchase.
Meanwhile, MEP USD traded alongside GD30 bonds at $1,061.21, while the US dollar’s settlement and redemption price stood at $1,087.22. In the cryptocurrency realm, the US dollar averaged $1,083.
The unified exchange rate quotation settled at $1,652.80 USD.
Official Exchange Rate Holds Steady
The negotiated US dollar, excluding tax, averaged $1,043.32 across major banks. Banco Nación specifically listed it at $1,033. Wholesale dollars, on the other hand, clocked in at $1,013.25 per unit.
Central Bank Reaches for Reserves
The Central Bank returned to the market to purchase US dollars. Financial institutions embraced this opportunity, buying up $73 million. Despite this injection of funds, the bank ended the day with a total reserve balance of $31.533 billion.
How have the actions of the Central Bank influenced public perception and behavior within the “blue dollar” market?
**Host:** Welcome back to the show. Today, we’re talking about fluctuations in the Argentine Peso and the ongoing impact of the “blue dollar” market. Joining me now is [Guest Name], an economist who specializes in Latin American markets. Welcome to the program.
**Guest:** Thanks for having me.
**Host:** So, the blue dollar saw a pretty significant dip today. What are your initial thoughts on this drop, especially in light of the Central Bank’s recent actions?
**Guest:** It’s certainly an interesting development. The Central Bank’s intervention in the market, buying up dollars, seems to have had a noticeable impact. While it’s too early to say with certainty what this means long-term, it raises the question: is this a temporary fluctuation or something more significant?
**Host:** That’s the million-dollar question, isn’t it? Many are wondering if this dip represents a sign of stabilization or just a temporary blip. What do Argentines on the street think about this latest development? Do they see it as a positive sign, a cautious one, or maybe even a cause for more concern?
