The so called “blue” dollar plummeted another 30 cents to close at 13.60 pesos, following yesterday’s 38-cents fall, amid growing fear of tighter government controls on underground exchange houses.
Yesterday, Central Bank’s head Alejandro Vanoli renewed official warnings and said that the government will «reinforce» controls in the illegal dollar market. «It is important for the Central Bank to look after exchange rate stability and to to separate the wheat from the chaff: outside the law, nothing,» he stated.
Meanwhile, the official rate of the US currency traded unchanged at 8.52 pesos in Buenos Aires banks and foreign exchange offices.
The gap between the official exchange rate and the black-market dollar rate has shrunk to 59.62%.
In the meantime, the blue-chip swap rate fell 28 cents to close at 13.10 pesos, while the stock exchange rate advanced three cents to 13.47 pesos.
Source: Buenos Aires Herald