Dollar reaches its highest value in the year in the informal market in Argentina – Prime Time Zone

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International currency increased by 3.50 pesos in informal trading called the ‘blue dollar’, outside the limitations of the formal retail market

ROBERTO GARDENALLI/FUTURA PRESS/ESTADÃO CONTENTCurrency reached the highest level of the year in the Latin country

the price of dollar in the informal market in Argentina this Wednesday, 8, reached the highest level in 2021. The “blue dollar”, as the informally traded American currency is called in the country, increased by 3.50 pesos and was sold at 187 pesos, the highest level since October of last year, when it reached the value of 195 pesos. The dollar price in the formal retail market, where operations are limited by various restrictions imposed by Argentine authorities, also rose. At the state-owned Banco Nación, the American currency increased by 25 cents and was sold at 103.25. Market analysts noted that upward pressures on Argentina’s currency market tend to increase as Sunday’s primary elections and legislative elections scheduled for November approach as investors face uncertainties about the direction of the local economy. The Argentine Central Bank maintains stronger control in the wholesale market, in which the foreign currency increased by 2 cents, reaching 98.01 pesos.

*With information from EFE