Economy Country October 22, 2024

The blue dollar closes at $1,240 in Argentina

The blue dollar in Argentina closed today at $1,240, with an increase of 1.2%. The Central Bank bought US$ 23 million, while reserves fell by US$ 164 million.


The blue dollar closes at $1,240 in Argentina

In a market with scarce operations, the dollar in the informal market, known as the "blue" dollar, closed today at $1,240, registering a 1.2% increase compared to Friday's closing. This rise was due to higher demand for the currency. Meanwhile, the MEP dollar also experienced an increase of 0.5%, reaching $1,165. On the other hand, the Cash with Settlement segment fell by 0.3%, settling at $1,196, due to a higher supply from those who entered the Capital Amnesty and seek to invest their dollars in pesos.

The Central Bank (BCRA) managed to buy US$23 million within this context. However, reserves decreased by US$164 million during the day due to import payments. Despite this, so far in October, the BCRA has added reserves totaling US$1,156 million. This increase is significant considering that throughout the year it has managed to increase reserves by US$5,252 million.

Additionally, today the Central Bank applied a minimal devaluation of 0.05% in both the price of the dollar at the National Bank, which stood at $1,004.50, and the dollar for tourists, which is at $1,607.20.