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Argentina’s Dollar Market Nears Parity Between Official and Blue as Authorities Defend Band

A managed float supported by reserves plus targeted Treasury moves has kept segments aligned.

Overview

  • Banco Nación quoted the official dollar at ARS 1,405 for buying and ARS 1,455 for selling on October 7.
  • The informal blue traded around ARS 1,430/1,450, leaving the gap with the official rate near zero and in some reports slightly negative.
  • Financial rates held higher, with MEP near ARS 1,499 and CCL around ARS 1,516–1,519, while the tarjeta rate was roughly ARS 1,891.50.
  • Gross international reserves stood at about US$42.628 billion, according to the central bank’s latest reading.
  • Market reports pointed to intra‑day defense of the wholesale band, including Treasury dollar block offers reportedly around US$400 million, as investors tracked uncertainty from the U.S. government shutdown and a pending Senate funding vote.