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Argentina’s Dollar Rates Diverge as Official Price Tops Band Ceiling

Central-bank dollar sales signal persistent pressure on the exchange-rate band.

Overview

  • Banco Nación quoted the official dollar at ARS 1,465/1,515 on Sept. 21, while the blue traded at ARS 1,500/1,520, leaving the gap effectively neutral.
  • Financial dollars closed higher than both segments, with MEP around ARS 1,546.74 and CCL near ARS 1,567.06.
  • The central bank sold roughly US$678 million late in the week, bringing gross reserves to about US$39.259 billion.
  • Economy Minister Luis Caputo said the government would sell “until the last dollar” to defend the band ceiling.
  • Crypto quotes ran hotter than the informal market, with USDT on Binance near ARS 1,559 on Sunday, as formal markets were closed and weekend values reflected Friday’s close.