2023-12-04 20:31:00
At the beginning of the week, the focus is on the volatility of the blue dollar, which on Friday reached $955 in downtown Buenos Aires. This morning, the US currency continued its upward trend and exceeded $970 for sale. However, as the hours went by, up to $930.
The informal dollar fell $25 after an initial rise of $15, according to a survey in the caves of the City of Buenos Aires. In this way, of the last eight days, they were relegated in seven. In this framework, the gap with the official exchange rate reached 162%.
On Thursday, the informal exchange rate had dropped $20 to $905pressured by the sharp drop in financial exchange rates in recent days, and by the greater need for pesos at the end of the month.
The uncertainty regarding Alberto Fernández’s management generated uncertainty among investors and experts. Javier Milei, president-elect, He highlighted the urgency of addressing the issue of Liquidity Letters (Leliqs), pointing them out as a “threat” to the country’s financial stability. Milei suggested “financial engineering” as the key to overcoming the exchange rate trap.
The attention It will focus on resolving the problems with the Leliqs and the possible measures that the new government will implement to stabilize the economy. Meanwhile, the official dollar price closes at $380,37.
| Dollar Rate | Current Quote (December 4) |
|---|---|
| Dolar blue | $930 |
| Dollar Counted with Settlement (CCL) | $889,34 |
| Official Dollar | $360.37 buy and $380.37 sell |
| MEP Dollar (Stock Market) | $913,05 |
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