While the US dollar rate at exchange offices closed at a selling price of 5.315 pesos, transactions in the informal market were paralyzed on fears of government controls after Guillermo Moreno’s threats.
Moreno held meetings last Friday with exchange offices representatives and asked them to hold the “blue” dollar between a six to seven pesos rate.
Exchange brokers told reporters they preferred halting transactions for a few days to having their businesses closed or raided by government inspectors.
Buenos Aires shares closed down as the Merval benchmark stock index lost 1.04 percent to 3,412.77 points in early trade.
buenosairesherald.com