However, the parallel currency in the interior exceeded those values and it reached $322 in Tierra del Fuego, according to Infodollar. In the rest of the country ranged between $317 and $322.
“The movements that we are seeing in the exchange rate respond to two factors, on the one hand, a growing distrust in the peso and the government’s ability to move towards macroeconomic balances that reduce risk”, said Eugenio Marí, an economist at the Fundación Libertad y Progreso. “The monetary issue festival that the Central Bank has been carrying out, which has flooded the peso market, logically makes its value fall”he added.
As confirmed by the spokeswoman for the Presidency, Gabriela Cerruti, this Thursday the Minister of Economy Silvina Batakis held a meeting with the economic cabinet in which “different measures will be analyzed that could be communicated towards the end of this week or next week.”
In a press conference that he gave at the end of the Cabinet meeting, Cerruti once again remarked that the blue dollar “has no impact on the real economy” and said that the Government understands “the feeling of uncertainty generated by the information around the blue dollar.”
Blue dollar price in July
During July, the blue dollar accumulates a rise of $79, which represents its biggest monthly advance in the year so far, after ending June at $238.
The pressure on the exchange rate has been maintained since the BCRA tightened the exchange rate clamp on companies, at the end of June, and has accelerated since the resignation of the then Minister of Economy, Martin Guzmanearlier this month.
Let us remember that in June, the informal dollar advanced $31 (+15%), after rising $6.50 (3.2%) in May.
The parallel dollar rose 50 cents in April, and lost $11 in March, its worst performance in 14 months. Last February, it fell $6.50 (-3%), after rising $5 or 2.4% in January.
Source: Ambito
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