Raids in caves of the Buenos Aires City in the midst of the escalation of the blue dollar

Raids in caves of the Buenos Aires City in the midst of the escalation of the blue dollar

August 16, 2023 – 2:49 p.m.

Today the Government ordered new raids in downtown Buenos Aires in an attempt to stop the sale of dollars in the marginal circuit, where the blue dollar was sold for $790.

The Government arranged new raid in downtown Buenos Aires in an attempt to stop the sale of dollars in the marginal circuit. The illegal ticket was sold at $790 but then moderated the initial rise.

According to police sources, during the operations arrests were made of the well-known “little trees”, who offer to buy and sell currency illegally in the streets, buildings and some commercial galleries.

The persecution of sellers of the informal dollar began last week, after the warning of the Minister of Economy, Sergio Massa, to go out and look for those who speculate on the price and sell dollars illegally.

Thus, it was learned through informants and plainclothes police officers that many “cueveros” moved through the microcentro with the belts that they wear at the waistand not with the usual backpacks where they carry the tickets.

This maneuver halted operations and delayed buying and selling.

In addition, it transpired that Two important financial companies from the City of Buenos Aires that move “large volume in the market” have not operated in recent daysand the “caves” or smaller offices did not want to open either for fear of arrests and seizures of money.

This had a direct impact on a drop in supply in the illegal market and, added to the devaluation, on the rise in the price.

Source: Ambito

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