The price of the informal dollar reaches 1,120 pesos

The price of the US dollar on the Argentine informal currency market broke a new record this Tuesday and It was put up for sale at 1,120 pesos to the dollar, 20 more than on October 23, when it last exceeded 1,100.

The so-called ‘blue dollar’, which savers are turning to because of restrictions on collecting foreign currency in the official market, rose by 6.67 percent today in both selling and buying, where it stood at 1,070 Argentine pesos to the dollar.

Argentine President Manuel Adorni’s spokesman on Tuesday blamed the opposition for a lack of cooperation with the government on the economy. and warned that the market could be “swollen” by the disapproval of the so-called “omnibus bill”, which begins its processing in Congress today.

On December 12, the executive of the South American country implemented an official devaluation of 50% in the official currency, moving the official price to about 800 pesos to the dollar to close the exchange gap that existed until last week. , in which the parallel dollar surpassed $1,000 and traded higher.

The price of ‘blue’ for sale yesterday closed at 1,050 pesos to the dollar.

In terms of the official dollar, buying of the US currency is at 794 pesos, while selling is quoted at 834, according to data from Banco de la Nación Argentina.

For their part, financial dollars – instruments for more sophisticated investors – seem to be in a mixed trend this Tuesday.

The dollar settled (CCL, which consists of buying stocks or bonds locally with Argentine pesos and selling them in dollars on Wall Street) fell 0.3% to 1,197.83 Argentine pesos per dollar.

The “stock market dollar” or “MEP dollar” (obtained by buying assets listed in both pesos and dollars, paid in pesos when buying and selling dollars in Argentina’s stock market) rose 0.1% to 1,142.38 Argentine pesos per unit.