After the resignation of Central Bank chief Juan Carlos Fábrega rocked the local market, the blue-chip swap dollar rate plunged 47 cents to close at 13.89 pesos today, losing 79 cents this week. The stock exchange rate, meanwhile, dropped 50 cents to 14.06 pesos.
At the same time, the so-called “blue” dollar traded 10 cents down to close at 15.50 pesos, amid growing fear of tighter controls for more control on the dollar rate both in the illegal market and the blue-chip swap rate.
The official rate was also down by a cent at 8.46 pesos in Buenos Aires city banks and exchange offices, setting the gap against the «blue» at 83 percent.
During Alejandro Vanoli’s first day as Central Bank governor, transactions totalled US$195 million, 15% higher compared to yesterday, and the BCRA bought US$30 million.
Source: Buenos Aires Herald