Overview
- Market quotes reported on Monday, Oct. 12 show the Banco Nación official retail rate at 1,485/1,535 pesos, the blue at about 1,520/1,540, the MEP near 1,535.90/1,542.90, the CCL around 1,605.50/1,606.60 and the dólar tarjeta at 1,995.50 pesos.
- The gaps between channels remain notable with the MEP about 0.99% above the blue, the CCL roughly 6% above the MEP and the CCL about 6.2% above the official wholesale reference, signaling different prices for different market access routes.
- MEP and CCL rates are produced by bond trades that let holders convert pesos to dollars through the local electronic market and by selling those instruments in a foreign currency leg, which explains why financial rates move independently of bank quotes.
- The dólar tarjeta includes an added tax load that raises the consumer price by about 60 percent over the official rate because the official retail rate is increased by a 30% 'impuesto país' and a further 30% treated as withholding for income tax purposes.
- Reports note small week‑on‑week declines near 1 percent in MEP and CCL, and the snapshot underscores how Argentina's layered exchange system shapes what savers, investors and travelers actually pay for dollars rather than signalling a change in official policy.