‘Blue’ falls to 14.69 pesos, blue-chip swap plunges amid BCRA pressure

The so called “blue” dollar fell back by one cent to 14.69 pesos amid growing fear after the Central Bank carried out its most important raid of the last few months against trading houses and credit unions yesterday.

The blue-chip swap in turn dropped 35 cents to 13.47 pesos following yesterday’s 25-cent drop, and the stock exchange rate was down 19 cents to 13.39 pesos.

Meanwhile, the official rate of the US currency dropped half a cent to 8.50 pesos in Buenos Aires City banks and foreign exchange offices as a bank employees’ strike paralysed activities in the sector.

At 7 am today, bank employees started a 24-hour walkout to protest against the government’s position to not modify income tax thresholds.
buenosairesherald.com