Overview

• The official Banco Nación rate is ARS 1,465 for buying and ARS 1,515 for selling this Sunday, September 21.
• The blue dollar trades near ARS 1,500/1,520 with the gap versus the bank rate near parity, and in Córdoba references were higher at ARS 1,504/1,536.
• MEP is quoted around ARS 1,523.40/1,580.50 and CCL near ARS 1,551.30/1,553.60, both above the official market.
• The central bank sold about US$678 million to uphold the floating band, leaving gross reserves near US$39.26 billion.
• Reporters note the wholesale rate again topped the band’s ceiling, and Economy Minister Luis Caputo pledged to “sell until the last dollar” to defend the cap.