Following Tuesday’s sharp climb in the parallel foreign exchange market, authorities headed back to Buenos Aires City downtown boosting controls on the illegal purchase of dollars, ámbito.com reported. Amid few operations, the so called “blue” dollar closed 22 cents up at 13.57 pesos.
Earlier today, the government warned traders should expect further raids in underground foreign exchange houses. Cabinet Chief Aníbal Fernández said “blue” dollar operations where “illegal” and “very small” but pointed out the market was being “closely watched by the Central Bank.”
Yesterday, greenbacks in the informal market skyrocketed 30 cents to close at 13.35 pesos, hitting the highest peak in almost five months.
In Buenos Aires City banks and foreign exchange offices, meanwhile, the US dollar was trading half a cent higher at 9.08 pesos. This way, the gap bewteen the «blue» and the official rate stands at 49 percent.
In addition, the blue chip swap rate increased 12 cents at 12.48 pesos and the stock exchange rate jumped 23 cents at 12.48 pesos.
Source: Buenos Aires Herald