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Argentina’s Dollar Rates Tighten as Blue Brushes the Official and Crypto Trades Higher

Reference quotes point to renewed pressure on the managed band with multiple dollar markets trading higher.

Overview

  • Banco Nación displayed the official dollar at ARS 1,465 for purchase and ARS 1,515 for sale on Sunday’s reference screens.
  • The informal blue traded around ARS 1,500/1,520, narrowing and at times reversing the gap with the official rate.
  • Financial dollars closed the week in the mid-1500s, with the MEP near ARS 1,546.74 and the CCL around ARS 1,567.06.
  • Crypto proxies ran above those levels, with USDT quoted near ARS 1,559 on Binance and other platforms showing ARS 1,561–1,598.
  • The central bank sold about US$678 million on Friday, leaving reserves near US$39.26 billion, as officials publicly vowed to defend the exchange band.