The parallel dollar rate, the so called «blue» dollar, climbed 15 cents to 12.85 pesos in underground houses amid new Central Bank controls which began on Friday and continued throughout the day.
With that jump the unofficial currency rose to its highest level in three months. The 15-cent climb was also the largest daily increase since April 15, when the price soared 28 cents in trading.
As well as a slowdown in official dollar sales overseen by the AFIP, the ‘blue’ was also pushed by higher prices in other rates. The blue-chip price jumped nine cents to 11.95 pesos, while the stock market valuation rose seven cents to 11.93 pesos.
The official dollar rate, meanwhile, closed half a cent up at 9.06 pesos in banks and foreign exchange agencies. The gap between the official and parallel currency widened to 41.7 percent.
Source: Buenos Aires Herald