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Blue dollar today: how much is it trading for this Wednesday, June 29

Blue dollar today: how much is it trading for this Wednesday, June 29

On Monday, the informal dollar had climbed another $6, adding to the $2 rise last Friday. In this way, the exchange rate gap with the wholesale official exchange rate it expanded to 91.4%, which represents the highest level in four months.

The rise was in tune with that shown by the financial dollars which, in the case of the CCL, came to operate at a record of $254, and then began to fall back to $246.

The board of the Central Bank made on Monday modifications to the foreign exchange access policy to restrict some operations at a time when the country faces a significant increase in imports.

The monetary authority restricted access to foreign exchange for luxury goods such as luxury cars and airplanes, while expanding access to foreign exchange for small and medium-sized companies to 115% of the value imported in 2021, from a limit of 105% previously established. up to a maximum of $1 million. On the other hand, it extended the import financing system to the system used for purchases with non-automatic licenses.

“Those who have the hardest credit are the SMEs (small and medium-sized companies) that are in a situation of easier access,” added Guzmán.

Blue dollar price in June

So far in June, the blue dollar rises $32, which represents its biggest monthly advance in the year, after ending May at $207.

Let us remember that last month, the informal dollar rose $6.50 or 3.2%, although it was below inflation (a floor of 5% is estimated), and the increase in the official exchange rate (+4.2% ).

The parallel dollar rose 50 cents in April, and dropped $11 in March, its worst performance in 14 months. Last February, it fell $6.50 (-3%), after rising $5 or 2.4% in January.

Blue dollar in the year

So far this year, the informal dollar has advanced $31, after closing 2021 at $208.

During the past year, the blue dollar registered a rise of 25.3% ($42), half compared to the inflation of the period (50.9%). However, it is worth remembering that in 2020 it had shown a sharp jump of 111% (compared to 36% inflation).

What is the blue dollar?

The value of the blue dollar has a substantial difference with the official dollar, which is acquired in banks and has an established price. Its sale is in the informal market, without regulations or limits, and for this reason it is generally operated at a value greater than the official dollar.

Why is it called the blue dollar?

The origin of the blue dollar as a denomination for the operation of the banknote in the informal market is not clear. But there are theories.

An explanation of its name indicates that it is so called because in English, “blue”, in addition to naming the color blue, refers to something “dark”.

Another theory relates it to purchase operations through bonds or shares of companies known as “blue chips.” They also link it to the approximate color that appears when a fibron is applied to detect counterfeit bills.

Price of the savings or tourist dollar

The savings dollar or solidarity dollar -retail plus tax- increased 11 cents to $214.73 on average.

More news about the Blue Dollar and the Dollar

Source: Ambito

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