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Argentina’s Dollar Market Reopens With Banks Holding Official Rate Near $1,475 as Parallel Prices Top $1,500

Pre-opening bank quotes signal enduring gaps with financial and informal markets after the holiday pause.

Overview

  • Banks told the central bank they will resume dollar sales around $1,475 on Friday, with major lenders such as Banco Nación, Galicia, BBVA and Santander at or near that level and others clustering between $1,470 and $1,480.
  • The informal blue dollar stayed materially higher, referenced around $1,505 in Buenos Aires and $1,521 in Córdoba at the last close.
  • Financial-dollar gauges were mixed: MEP traded near $1,476–$1,481, CCL around $1,524, crypto quotes roughly $1,524–$1,544, and the card rate about $1,524.
  • With markets closed for Christmas on December 25, reported quotes reflect the last business day’s closing levels used as references ahead of the reopening.
  • Market surveys trimmed but dispersed 2026 projections, with LatinFocus consensus near $1,746 for the official rate and inflation at 23.9%, while analysts flagged execution risks; global dollar weakness and stronger yuan and gold have supported reserve valuations.