Argentina's Unofficial Dollar Reaches $1,185 Amidst Economic Uncertainty

Argentina's unofficial dollar, known as the 'dólar blue,' has reached $1,185 in Buenos Aires, mirroring trends in Córdoba. The official exchange rate remains at $1,120, as published by Banco Nación. This surge reflects ongoing economic and political uncertainties within the country. In Córdoba, the 'dólar blue' is trading at $1,168 for buying and $1,197 for selling. The parallel currency market, operating outside central bank controls, often serves as a barometer for national anxieties. Its higher valuation in cities like Córdoba compared to the capital is a common phenomenon. Financial dollars, accessible through financial operations, include the Contado con Liquidación (CCL) and the MEP dollar. Companies are increasingly turning to the stock market to acquire dollars, a practice the government views as 'harmful fiscal planning.' The 'dólar blue' remains susceptible to manipulation due to its small market size, with interventions aimed at stabilizing its price during periods of tension.