Argentina’s Parallel Dollar Witnesses Its Largest Daily Drop in Weeks
Argentina’s Parallel Dollar Witnesses Its Largest Daily Drop in Weeks

In Argentina, the parallel dollar fell significantly, dropping 20 pesos to a closing rate of 1,315 pesos per unit, marking its lowest point since June. This decline, the steepest in the last three weeks, continues the downward trend of the “blue dollar.” This adjustment brought the gap between the parallel dollar and the official exchange rate to its narrowest margin since June. Specifically, the disparity now stands at 38 percent against the “wholesale” official dollar.

August 30, 2024 

SOURCE: RIO TIMES

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Argentina’s Parallel Dollar Witnesses Its Largest Daily Drop in Weeks

By Nicolas

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