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Argentina’s Dollar Gaps Narrow as Blue Hits Banco Nación Price

Central bank reserves stand at US$40.765 billion with no MULC intervention reported.

Overview

  • Banco Nación’s official rate closed at ARS 1,410 for purchase and ARS 1,460 for sale, with the wholesale reference near ARS 1,436.
  • The blue dollar traded at ARS 1,440/1,460, bringing the gap with the official rate to roughly 2% after an ARS 65 drop this week.
  • Market-dollar gauges showed MEP around ARS 1,468.69 and CCL near ARS 1,485.38, with low single-digit spreads versus the official rate.
  • The “dólar tarjeta” was quoted near ARS 1,898 based on the retail official plus the 30% surcharge.
  • Following the officialist election win, exchange rates eased while ADRs and local bonds extended a rally, according to market reports.