The US dollar was today traded in banks and markets 23.5 cents higher, its largest hike in 12 years, with a buying rate of 7.075 pesos and a selling rate of 7.125 pesos.
The currency experienced a similarly sharp rise during yesterday’s trading, climbing five cents during the course of the day despite the Central Bank selling off 200 million dollars of reserves.
The parallel ‘blue’ dollar, meanwhile, hit a new record as it flew up 29 cents, and closed in unofficial markets at 12.5 pesos (selling).
buenosairesherald.com