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Argentina’s Dollar Market Opens Steady as Blue Holds at $1,430 and Financial Rates Remain Higher

Fresh hard-currency raised via corporate bond sales is helping sustain a lull in exchange-rate pressures.

Overview

  • The official Banco Nación rate stands at $1,375 for purchase and $1,425 for sale, with the wholesale dollar referenced around $1,403.
  • The blue dollar trades near $1,410 for buying and $1,430 for selling, keeping the gap with the official rate at roughly 2–3%.
  • Financial rates remain above cash markets, with the MEP near $1,452 and the CCL around $1,485, reflecting spreads of about 3.5% and 5.9% versus the official.
  • The dólar tarjeta/dólar ahorro is quoted around $1,852.50 after tax surcharges applied to the official rate.
  • Gross reserves are reported near USD 40.64 billion with estimated net reserves around USD 1.43 billion, as November’s dollar ON placements exceed USD 3.1 billion and October CPI prints at 2.3%.