The unofficial “blue dollar” rate in Argentina reached a new high of 1,460 pesos per US dollar.This record marks the largest gap to the official rate during President Javier Milei’s term, now at 921 pesos, a 58.5% disparity. Recent months saw the blue dollar spike 11.4% in April and 17.8% in May, after a stable quarter.This surge indicates a market mistrust in Argentina’s economic policies, suggesting deep-seated financial woes.
July 11, 2024
SOURCE: BUENOS AIRES HERALD
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Record Surge in Argentina’s Shadow Dollar: A Telling Economic Indicator