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New Exchange Measures Impact the Price of the Dollar: It Reaches a Historical Record of $550

This Monday, July 24, the free or “blue” dollar reached an unprecedented value, reaching a price of $550 in the informal market, which represents an increase of 4.2% or $22 compared to the previous day. In this way, the foreign currency continues its upward climb in the month of July, accumulating an increase of 11.3% or $56 during the month.

These events are framed in the context of the Argentine Government’s negotiations with the International Monetary Fund (IMF), where a partial devaluation has been carried out and a series of significant exchange measures have been made official. One of them has been to equate the price of the “savings” dollar to that of the “card” dollar, which has had a direct impact on the price of the free dollar.

In the official market, the dollar is quoted at $270 for purchase and $283 for sale, which creates a significant exchange gap compared to the free dollar. Currently, the gap between the two prices is $267, which has led to an increase in the demand for the US currency in the informal market. In addition, the implementation of a new agricultural dollar by the Government has added uncertainty to the exchange outlook.

Also read: The “agro dollar” governs with the aim of raising the BCRA reserves

The publication New Exchange Measures Impact the Price of the Dollar: It Reaches a Historical Record of $550 appeared for the first time on Channel C