2023-10-10 14:30:00
Entering the final stretch of the presidential elections has strongly altered the exchange markets. The electoral uncertainty, the irresponsibility with which Sergio Massa executes and with which Javier Milei declares, combine to skyrocket the price of the blue dollar.
Last Monday, October 9, The blue dollar recorded an unprecedented daily jump of $65 and closed at $945 for sale in downtown Buenos Aires. However, in some cities in the country it was offered for $1,000.
In response to this exchange rate run, the Government decided to launch a new dollar with a preferential exchange rate for SMEs, cars, mining and fishing.. The intention is, on the one hand, to increase the reserves of the Central Bank and its firepower in the stock market, to keep the MEP dollar at bay, and on the other hand to increase the settlements of the dollar “in cash” to mitigate the upward trend in its price.
Likewise, it was decided to make the card dollar, the tourist dollar and the solidarity dollar more expensive and unify, by applying a 25% surcharge for the collection of personal property tax. What is sought is to narrow the gap with parallel contributions.
How much is the blue dollar trading at on October 10
There is expectation for the opening of the US currency in the informal market, following the measures implemented by the Government.
The close of the blue dollar on Monday was $945 for salewhile the MEP dollar was quoted at $840 and the “cash with liquid” at $868.63.
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