Overview

• The official peso rate for cash sales slid to ARS 1,355.58 after a third consecutive drop and the wholesale rate fell to ARS 1,338.50
• The informal ‘blue’ dollar remained the cheapest option at ARS 1,325, narrowing its gap with official rates
• Financial market rates—the MEP and CCL—traded near ARS 1,344 and ARS 1,349 with spreads tightening below 1%
• The tourist ‘dólar tarjeta’ rate held steady at ARS 1,755, reflecting a 30% surcharge on foreign card purchases
• A fresh $2 billion IMF tranche and a 40% rise in bank reserve requirements have helped cool currency tensions ahead of October elections