The informal (blue) dollar exchange rate fell below AR$1,000. Since peaking at AR$1,250 on December 23, two weeks after President Javier Milei took office, the blue rate has fallen by 21%. International reserves are growing in part due to the success of the “blend” dollar, which allows exporters to sell 80% of their dollars in the official market and 20% at the blue-chip swap rate.
April 5, 2024
SOURCE: BUENOS AIRES HERALD
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