How much is it trading this Monday, July 25?

Thursday The Government announced that it will facilitate the liquidation of foreign currency for foreign tourists, who will be able to sell up to US$5,000 at the financial exchange rate (MEP)and that it will improve the conditions of access to the exchange market for the payment of imports of inputs for “strategic sectors”.

For its part, the central bank (BCRA) on Thursday limited the holding of CEDEAR (foreign paper quoted in pesos) to companies that access the foreign exchange market, which seemed to stop, the upward inertia of the financial exchange rates, which fell for the second consecutive round this Monday.

The pressure on the exchange rate has been maintained since there was a liquidation of the doubt in pesos tied to the CER, at the beginning of June, it continued when the BCRA tightened the exchange rate clamp on companies, at the end of last month, and it accelerated after the resignation of the then Minister of Economy, Martin Guzman, in early July.

Blue dollar price in July

During July, the blue dollar accumulates a rise of $84, which represents its biggest monthly advance in the year so far, after ending June at $238.

Let us remember that in June, the informal dollar advanced $31 (+15%), after rising $6.50 (3.2%) in May.

The parallel dollar rose 50 cents in April, and lost $11 in March, its worst performance in 14 months. Last February, it fell $6.50 (-3%), after rising $5 or 2.4% in January.

Price of the blue dollar in the year

So far this year, the informal dollar advances $114 after closing 2021 at $208.

During the past year, the blue dollar registered a rise of 25.3% ($42), half compared to the inflation of the period (50.9%). However, it is worth remembering that in 2020 it had shown a sharp jump of 111% (compared to 36% inflation).

What is the blue dollar?

The value of the blue dollar has a substantial difference with the official dollar, which is acquired in banks and has an established price. Its sale is in the informal market, without regulations or limits, and for this reason it is generally operated at a value greater than the official dollar.

Why is it called the blue dollar?

The origin of the blue dollar as a denomination for the operation of the banknote in the informal market is not clear. But there are theories.

An explanation of its name indicates that it is so called because in English, “blue”, in addition to naming the color blue, refers to something “dark”.

Another theory relates it to purchase operations through bonds or shares of companies known as “blue chips.” They also link it to the approximate color that appears when a fibron is applied to detect counterfeit bills.

Savings and tourist dollar quote

The savings dollar or solidarity dollar-which includes 30% of the COUNTRY tax and the deductible 35% of Income Tax and Personal Assets- it rose $1.14 to $226.55.

The tourist dollar or card -retailer plus COUNTRY Tax, and a perception of 45% deductible from Income Tax and Personal Assets- rise $1.21 to $240.28.

More news about the Blue Dollar and the Dollar

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