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Argentina’s Dollar Rates Cluster Near ARS 1,500 as BCRA Refrains From Market Intervention

The BCRA is keeping to a hands‑off approach, with any corporate FX relief contingent on better access to international debt markets.

Overview

  • On December 30, the official Banco Nación rate was about ARS 1,475 per USD, while the informal blue traded around ARS 1,530–1,540 in Buenos Aires and roughly ARS 1,546 in Córdoba.
  • Financial market dollars held close to the blue: MEP near ARS 1,484, CCL around ARS 1,527, the wholesale rate near ARS 1,457, and crypto quotes near ARS 1,518.
  • The central bank reported no intervention in the MULC during Monday’s session, aligning with its stated non‑intervention framework.
  • The 30% surcharge on card spending abroad remained in force, keeping the dólar tarjeta roughly a third above the official rate.
  • Regional trading stayed subdued into year‑end as the Mexican peso hovered around MXN 17.95–17.98 per USD with participants awaiting Federal Reserve minutes.