The parallel ‘blue’ dollar fell 18 cents on the first trading day of the week, dropping to 14.77 pesos pushed down by the stock market exchange rate.
The stock exchange dollar lost 14 cents to trade at 13.03 pesos, as activities resumed in the markets following yesterday’s public holiday.
The blue chip rate also dropped, falling five cents to 13.24 pesos today. Transactions remain limited to Argentine stocks based locally and on Wall Street, as a virtual ban on use in bond transactions remains in force.
The official dollar, meanwhile, rose half a cent to close at 8.485 pesos in banks and bureaux de change in Buenos Aires City. The gap between the official and black market valuations stands at 74 percent.
Source: Buenos Aires Herald