The so called «blue» dollar continued its downward path today, plummeting 20 cents to close at 14.33 pesos, amid renewed fears of government controls in underground exchange houses.
This is its most important intraday fall in over two weeks, as the informal rate hits its lowest value since mid-September, following yesterday’s nine-cents drop.
The blue-chip swap rate climbed one cent to close at 13.05 pesos while the stock exchange rate advanced 3 cents to 13.26 pesos.
Meanwhile, the official rate of the US currency traded steady at 8.515 in Buenos Aires City banks and foreign exchange offices. The gap between the «blue» and the official dollar is down to 68.3 percent.
The Central Bank’s reserves were u$s 3 millions higher yesterday, totalling u$s 27,380 millions.
Source: Buenos Aires Herald