Economy Country February 19, 2025

The blue dollar skyrockets as Argentine reserves fall

The blue dollar rose to $1,235, while Argentina's international reserves fell to their lowest level of the month. The Central Bank bought US$ 171 million, but this was not enough.


The blue dollar skyrockets as Argentine reserves fall

The blue dollar fell for the first time since December 17, standing at $1,235 and creating a gap of 16.6%. Meanwhile, the MEP dollar is quoted at $1,205.69 with a difference of 13.9% compared to the official rate. The Cash with Settlement (CCL) dollar has decreased to $1,207.81, establishing a spread of 14.1%. The tourist or savings dollar is set at $1,402.70, while the Bitcoin dollar is quoted at $1,228.04, and Bitcoin trades at US$ 96,231.

At Banco NaciĆ³n, the U.S. dollar was at $1,039 for buying and $1,079 for selling. In the wholesale market, the dollar was offered at $1,059, 25 cents less than the previous day's close. Despite the Central Bank acquiring US$ 171 million, gross international reserves fell by US$ 341 million, reaching a total of US$ 28,404 million, the lowest figure of the month due to a payment to the Inter-American Development Bank of US$ 70 million.

The most significant decrease was due to intervention in the currency market using dollars, a measure that generates disagreement from the IMF. In this context, the official retail dollar registered a value of $1,030.05 for buying and $1,088.40 for selling, excluding taxes.