The blue dollar rises again and climbs to $342

The blue dollar rises again this Friday and advances to $342, in the middle of a day with strong volatility. In this way, it accumulates an advance of $ 51 in the last four wheels. In this sense, the exchange rate gap with the official wholesale exchange rate climbs to 163.5%, the highest level in 40 years.

The increase occurs in a framework where the Government announced that it will facilitate the settlement of foreign currency of foreign tourists, who will be able to sell up to $ 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”. The pressure on the parallel quotes of the dollar has been maintained since the BCRA tightened the exchange rate trap to companies, at the end of June, and accelerated since the resignation of the then Minister of Economy, Martín Guzmán, earlier this month.
The arrival of Silvina Batakis to take her place, and the announcement last Monday of a series of measures aimed at reducing the high fiscal deficit for now have failed to calm the tension over parallel exchange rates. During July, the blue dollar accumulated a rise of $104 (44%), which represents so far its largest monthly advance of the year, after ending June at $238.
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Original source in Spanish