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Argentina’s Dollar Market Opens Steady as BCRA Enforces 90‑Day Ban on MEP/CCL for Official Buyers

A new Central Bank curb blocks those who access the official rate from trading MEP or CCL for 90 days, reshaping incentives across a still segmented FX market.

Overview

  • Banco Nación lists the official dollar at $1,425 for buying and $1,475 for selling this Monday, with the wholesale rate near $1,445.
  • Parallel and financial quotes trade slightly higher, with the blue around $1,445, MEP near $1,477, and CCL close to $1,506.
  • The official euro stands near $1,620/$1,720, while the euro blue operates above that at roughly $1,646/$1,670 in Buenos Aires.
  • Regional gaps persist, as Córdoba’s blue rate was reported at about $1,460 versus roughly $1,445 in the City of Buenos Aires.
  • Markets stay upbeat on equities after elections and cabinet changes, though FX relief has been moderate, with BCRA reserves reported around US$39.4 billion.