The «blue» dollar plummetted 35 cents at 14.95 pesos today after plunging another 20 cents on Friday, amid growing pressure on the foreign currency and tighter controls in the parallel market.
Meanwhile, the blue-chip swap rate continued last week’s decline and plunged 83 cents to 14.17 pesos, while the stock exchange rate bucked the trend by advancing 13 cents to 14.21 pesos.
The formal rate closed a cent up at 8.49 pesos, after ending two cents higher on Friday.
Following his appointment as new Central Bank head, Alejandro Vanoli raised fixed-deposit interest rates last week in an attempt to encourage savings in pesos.
Source: Buenos Aires Herald