Navigating the Blue Dollar Market: Insights for September 9 on Buying and Selling

The blue dollar quote

The blue dollar is quoted at $1,250 for purchase and $1,270 for sale.

AFIP eliminated the obligation to inform employers by telegram

The Federal Public Revenue Administration (AFIP) has eliminated the obligation to inform the tax collection agency of notifications to employers made by workers or trade unions through telegrams or certified letters.

This was done through General Resolution 5560/2024 published today in the Official Gazette, which eliminated the “Labor Telegrams” computer service, where digital copies of labor communications addressed to employers that fell within the framework of article 1 of law 24,013 were sent.

“As the Bases Law adopted a series of measures aimed at improving and streamlining administrative processes, the AFIP repealed the regulation that governed this procedure,” the agency said.

However, it was clarified that “the service will continue to be available on the website so that users can access historical data on registered communications.” “This will allow the consultation of the digitalized image and the data associated with work communications sent by workers to their employers in the past,” the official statement said.

AFIP will evaluate and will not take into account for exclusions or recategorization the assets laundered by self-employed individuals

The Federal Public Revenue Administration (AFIP) has specified that assets declared by self-employed individuals will not be taken into account as background for their exclusion or recategorization in periods prior to the declaration.

The agency made this clarification in the last few hours based on queries made by professionals and accountants who had doubts about the implications that this declaration of assets could have for self-employed taxpayers.

The changes will be published this week in the Official Gazette.

The industry’s battle for survival

By Raul Dellatorre

The celebration of the industry day, this past Monday, showed two very different sides of the policies for the sector, and perhaps the beginning of a necessary debate in which industrial and union entities could come to have a leading role that they have not had until now. While Javier Milei deployed in the UIA headquarters a collection of grievances towards the industrial sector, describing them as prebendaries of the State, and dependent on what “was stolen from the countryside to protect the industry”, the same day but three or four hours later, in Ituzaingó, western area of ​​Greater Buenos Aires, a sort of assembly of businessmen and unionists was held, convened by Governor Axel Kicillof, in which the dominant slogan was “defend the national industry from Milei’s attack to dismantle it”.

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The blue rose $5

The blue is now quoted at $1,245 for purchase and $1,265 for sale.

How much is the dollar today?

The dollar rose 0.11% and is trading at $937.00 for purchase and $977.00 for sale.

Goodbye to the dream of the Argentine middle class

By Leandro Renou

Until not long ago, Buenos Aires was a picture of a capital city that was different from almost all the countries in the region. Crippled by economic deficiencies, especially in its southern part, it was sustained by indicators closely related to the power of the middle classes. In the rest of the country, with some particularities, the same thing occurred. Although the process of gradual extinction has been taking place for years, Javier Milei’s economic policy consecrates the end of that national emblem: the dream of the Argentine middle class.

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Luis Caputo, the king of debt, strikes again

By Alfredo Zaiat

Several indicators of Milei’s economy show horrible results after nine months of liberal-libertarian government. Two of them are especially worrying, considering the different traumatic experiences of the Argentine economy: one, the increase in total public debt; and two, the rapid destruction of jobs.

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How much is the dollar worth this Monday?

The official dollar is quoted at $936.50 for purchase and $976.50 for sale.

The blue dollar is at $1240 for purchase and $1260 for sale.

Blue rate Argentina euro

The Blue Dollar Quote: Understanding Argentina’s Informal Currency Exchange Rate

In Argentina, the blue dollar quote refers to the informal exchange rate of the US dollar (USD) against the Argentine peso (ARS). This​ rate ​is significantly different from ​the official⁤ exchange rate, and it ⁣has a massive impact on the country’s​ economy and tourism industry.

What is the‍ Blue Dollar Quote?

As of September ⁣2024,⁤ the ⁢blue‍ dollar quote​ is around $1,250 for purchase and $1,270 for sale [[3]]. This⁤ means that if you exchange $100 USD, you would get around ARS 133,500 [[3]]. This‌ rate is much higher than‍ the official exchange rate, which is around 1 USD = 890 ARS [[2]].

Why is the Blue Dollar Quote Higher than the Official Rate?

The blue ‍dollar quote is higher ‍than the⁣ official rate because it is an informal rate that‌ is not ‍regulated ⁤by the government. It​ is primarily used by tourists and‌ individuals who want to exchange their money at a more favorable rate. This rate is often higher than ‍the official rate because it takes​ into account‍ the‌ country’s high inflation rate and the demand for foreign currency.

How Does the Blue Dollar Quote ⁣Affect Tourism and‍ the ⁣Economy?

The blue ⁣dollar quote has a significant impact on ‌Argentina’s ‍tourism industry. ⁤Tourists who exchange their money at the blue dollar rate⁢ can get more pesos for their dollars, which makes⁣ their trip more affordable [[2]]. This encourages ⁣tourism, which ‌is an essential part ​of Argentina’s ⁣economy.

On the other hand, the blue dollar quote can also have ​negative effects on the ⁢economy. The high inflation rate and the demand for foreign currency can‌ lead to a depreciation of the⁤ peso, making ⁢imports more expensive and reducing the⁢ purchasing power of locals.

Other Economic Developments in Argentina

In addition to the blue dollar⁢ quote, there have been other significant economic developments in Argentina recently. The Federal Public Revenue⁣ Administration​ (AFIP) has ⁤eliminated⁤ the obligation to inform⁢ employers by telegram, making it ‌easier for workers and trade unions to communicate with⁢ employers ⁢ [[1]]. AFIP has also specified that assets declared by self-employed individuals will not be taken into account‌ for exclusions or recategorization in periods prior​ to the declaration.

The industry is also facing a battle for survival, with Javier Milei’s ⁢economic policy being criticized for attacking the national industry. Meanwhile, the middle class is struggling ⁢to ‌make ‌ends meet, and the dream⁣ of the Argentine middle class is slowly disappearing.

Conclusion

The blue dollar quote is⁢ an essential aspect of Argentina’s ⁢economy and tourism industry. Understanding the informal exchange rate can help tourists and individuals make the most​ of their trip to‌ Argentina. However, ⁢the high⁣ inflation rate ​and demand for foreign currency can ⁣also have negative effects on the economy. As‌ Argentina⁤ continues to navigate its economic challenges, the blue ‍dollar quote remains a ⁢vital aspect of​ the country’s ⁣financial landscape.

References:

[1]

[2]

[3]

Blue rate Argentina euro

The Blue Dollar Quote: Understanding the Current Exchange Rate in Argentina

The blue dollar, also known as the parallel dollar or “dolar blue” in Spanish, is a term used to describe the unofficial exchange rate of the Argentine peso against the US dollar. This rate can vary significantly from the official exchange rate, and it’s essential to understand the current blue dollar quote to navigate the complex financial landscape of Argentina.

Current Blue Dollar Quote

As of September 11, 2024, the blue dollar quote is around 1,260 pesos per US dollar, according to [3]. This rate can fluctuate constantly, so it’s crucial to stay up-to-date with the latest exchange rates. The official rate, on the other hand, is around 850 pesos per US dollar [1].

What is the Blue Dollar?

The blue dollar emerged as a result of Argentina’s economic instability and currency controls. It’s an unofficial exchange rate that reflects the demand for US dollars in the black market. This rate is often higher than the official exchange rate, as individuals and businesses seek to exchange their pesos for dollars at a more favorable rate.

How Does the Blue Dollar Affect the Economy?

The blue dollar has significant implications for Argentina’s economy. It can lead to inflation, as prices for goods and services are often pegged to the US dollar. This means that as the blue dollar rate increases, prices for everyday items also rise. The blue dollar can also create uncertainty for businesses and investors, as they struggle to navigate the complex currency landscape.

Understanding the Blue Dollar Quote

The blue dollar quote is not only important for individuals and businesses operating in Argentina but also for those looking to invest or travel to the country. By understanding the current blue dollar quote, you can make informed decisions about exchanging currency and budgeting for your trip or business venture.

Resources

For the latest blue dollar quotes, you can check online currency exchange platforms, such as [2]. These platforms provide up-to-date exchange rates and can help you stay informed about the latest developments in Argentina’s currency market.

the blue dollar quote is an essential aspect of Argentina’s financial landscape. By understanding the current exchange rate and its implications, you can navigate the country’s complex currency market with confidence.

References

[1] <a href="https://mapandcamera.com/money