The so-called “blue” (a euphemism for “black market”) dollar in Argentina broke another record Thursday and closed at AR$ 553, it was reported in Buenos Aires. In some provinces such as Buenos Aires and Santa Fe the quotation went up to AR$558, according to local media.
After the blue (a euphemism for black market ) dollar reached nearly AR$ 500 on Tuesday, Superminister Sergio Massa s measures in order to avoid speculative maneuvers resulted in a drop to AR$ 474, it was reported in Buenos Aires.
The blue (a euphemism for black market ) dollar went up another AR$S 20 Monday to close at AR$ 462 and somehow match inflation in other items of the country s economy, which it was lagging.
Argentine Economy Minister Sergio Massa seems unable to find a way out of the country s current crisis. In this scenario, the blue dollar (a euphemism for black market ) rose five more pesos Wednesday to close at AR$ 423 as the Central Bank (BCRA) ended with a negative balance of US$197 million, this bringing a streak of six positive rounds to an end. The country risk remained at 2,474 basis points, according to JP Morgan s index.