Buenos Aires, March 26 (NA) – The official dollar fell for the third consecutive day, while the foreign exchange market remains stable. The wholesale exchange rate marked its third consecutive decline, falling $9.50 (-0.7%) to close at $1,368. The gap with the ceiling of the band exceeded 20% for the first time in nine months. At the Banco Nación, the retail rate closed below $1,400 (at $1,390). This had not happened since February 23, according to the Argentine News Agency. Meanwhile, the card or tourist dollar, equivalent to the retail rate plus a 30% deductible from the Income Tax, stood at $1,807. Among financial rates, the MEP dollar moved to $1,399.70, while the Counted with Liquidation (CCL) dollar reached $1,448.72. Meanwhile, the blue dollar was selling at $1,425. The stability of the exchange rate is also supported by expectations of a sustained flow of foreign currency. Among the factors reinforcing this dynamic are the recovery of the energy surplus, the imminent settlement of the agricultural harvest starting next month, and a level of peso interest rates that encourages placement in short-term Treasury instruments.
