Blue-chip swap rate jumps to 13.79 pesos; informal rate sinks to 14.65 pesos

The blue-chip swap rate climbed 54 cents to close at 13.79 pesos, while the stock exchange rate dropped ten cents to 13.27 pesos.

The «blue» dollar fell eight cents to 14.65 pesos in a quiet market, amid growing fear of tighter government controls in the illegal market.

Meanwhile, the US dollar traded steady to close at 8.49 pesos in Buenos Aires City banks and foreign exchange offices.

The gap between the official and black market valuations stands at 73 percent.
buenosairesherald.com