The so called «blue» dollar rate, which yesterday ended at 13.94 pesos halting a five-day rally, today climbed again in underground houses, closing 17 cents higher at 14.11 pesos acccording to ámbito.com.
New controls were being carried out in downtonwn Buenos Aires, cutting back «blue» dollar offer, while demand for the illegal rate was steady, sources said.
Between Wednesday 8 and last Tuesday the parallel rate climbed 57 cents or 4.2 percent, amid rumours of possible restrictions on the blue-chip swap dollar trading, although Central Bank chief Alejandro Vanoli ruled them out.
Vanoli today repeated and guaranteed there will be no changes in th blue chip swap trading operations, though he warned the Central Bank will chase those who «misuse» that financial tool to provoke «instability.»
Meanwhile, the official dollar rate ended half a cent higher at 9.155 pesos in banks and foreign exchange agencies. The gap bewteen the «blue» and the official rate stands at 53.7 percent.
In addition, the stock exchange rate was increasing six cents at 13.06 pesos and the blue chip swap rate was dropping three cents to 13.26 pesos.
Source: Buenos Aires Herald