The price of the informal currency is almost at parity with that of the card dollar, considered a “ceiling” by the market. In the last two months it has climbed $460.
He Blue dollar on track to record its ninth consecutive weekly rise and breaks the $1,500 barrier in many provinces of the countryThe price seems to have no ceiling, in view of a second semester for which greater pressure is expected on the Central Bank’s (BCRA) reserves.
On average, the “informal” currency is quoted at $1,500 in the city’s caves. Thus, the currency has accumulated an increase of $80 in the week, and $460 in the last two months.
According to a survey by Ámbito, These are the prices of the blue dollar in the provinces:
- Land of Fire: $1,523
- Santa Cruz: $1,523
- Buenos Aires: $1,515
- Cordoba: $1,515
- Santa Fe: $1,515
- Salta: $1,515
- Catamarca: $1,508
- Chubut: $1,508
- Entre Rios: $1,508
- Jujuy: $1,508
- The Pampa: $1,508
- La Rioja: $1,508
- Neuquen: $1,508
- Black River: $1,508
- San Juan: $1,508
- St. Louis: $1,508
- Tucuman: $1,508
- Mendoza: $1,504
- CABA: $1,500
- Chaco: $1,500
- Currents: $1,500
- Formosa: $1,500
- Missions: $1,500
- Santiago del Estero: $1,500
Why is the blue dollar rising?
According to analysts, the rise of the blue dollar responds on the one hand to seasonal issues due to the Collection of Christmas bonuses Yet the Demand for foreign currency for holidays abroad.
The context does not help either, with a BCRA losing reserves due to debt payments, and the coming months will see less foreign currency entering the monetary authority’s coffers due to the end of the main soybean and corn harvest, and the normalization of import payments, among other factors.
This way, The price is very close to the dollar cardwhich is currently trading at $1,504. The market viewed this value as a ceiling.
Source: Ambito
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