How much is the blue dollar worth today to buy and sell on the black market?
It is Wednesday, November 20, 2024the blue dollar is quoted with a value in the market of $1115,00 for purchase and $1135,00 for sale, which implies a significant gap compared to the official value, which is located $976,00 for purchase and $1016,00 for sale.
An expert analyzes the agreement to export dead cow gas to Brazil that was signed within the framework of the G20
What is the price of the MEP, CCL and Crypto dollar?
He CCL dollarused to withdraw foreign currency from the country, is located on the boards at $1106,80 for purchase and $1107,10 for sale. For his part, the crypto dollarwhich is traded through cryptocurrency exchanges, trades at $1120,00 in the buying point now $1123,79 at the selling point.
Price of the euro blue today in the parallel market
The quote of euro blue hoy Wednesday, November 20, 2024 is from $1212,00 for purchase and $123400 for sale, which represents a considerable difference with the official euro, which is quoted at $1026,00 for purchase now $1100,00 for sale.
The euro is the official currency of 19 of the 27 member countries of the European Union (EU)which together constitute the eurozone. In addition, it is the second most used currency after the dollar.
How much is real blue today in Argentina?
The Brazilian real also moves strongly in the Argentine parallel market, particularly due to trade relations between both countries and tourism. He real blue hoy Wednesday, November 20, 2024 in the informal market it trades at $186,75 for purchase and $205,75 for sale.
It is the legal tender of Brazil since 1994. Currently, it is the currency strongest in Latin America and the 20th most exchanged currency in the world.
What factors contribute to the significant difference between the blue dollar and the official dollar rate in Argentina?
Time.news Interview with Dr. Sofia Ruiz, Economic Analyst
Time.news Editor: Good afternoon, Dr. Ruiz. Thank you for joining us today. There’s been a lot of buzz around the fluctuations in the blue dollar and its impact on the economy. As of November 20, 2024, the blue dollar is sitting at $1115 for purchase and $1135 for sale. Can you give us some insight into why there is such a significant gap between the blue dollar and the official rate?
Dr. Sofia Ruiz: Good afternoon! Thank you for having me. The gap you’re referring to is primarily the result of increasing demand for foreign currency due to economic instability and inflation. The official dollar rate, which is pegged lower at $976 for purchase and $1016 for sale, is not reflective of market realities. People are willing to pay a premium on the blue dollar as a hedge against this instability.
Time.news Editor: That brings up an interesting point about economic stability. How do these black market rates influence daily life for citizens in Argentina?
Dr. Sofia Ruiz: It’s quite significant. Everyday transactions and savings are heavily influenced by the blue dollar rate because many Argentinians rely on it to preserve their purchasing power. With inflation running high, many prefer to transact in dollars rather than pesos, which intensifies the demand for the blue dollar. It creates a dichotomy where the official rate does not match the lived experience of people.
Time.news Editor: Aside from the blue dollar, what’s the current landscape for other types of dollars, like the CCL (Contado con Liquidación) and MEP (Mercado Electrónico de Pagos) dollar?
Dr. Sofia Ruiz: As of now, the CCL dollar is trading at around $1106.80 for purchase and $1107.10 for sale. Meanwhile, the MEP dollar is usually quite close to the CCL, although specific rates can fluctuate. These alternative channels for accessing dollars are becoming more popular because they allow individuals to withdraw foreign currency while navigating the restrictions posed by the official market.
Time.news Editor: And what role does cryptocurrency play in this scenario? We’ve seen mentions of a ‘crypto dollar’ recently.
Dr. Sofia Ruiz: The crypto dollar has emerged as a novel financial instrument. Many people are turning to cryptocurrencies as an alternative means of obtaining and storing value in dollars. Its volatility can be a double-edged sword, but it offers another avenue for those who feel trapped by traditional banking systems. This has further complicated Argentina’s financial landscape, as it introduces new players and methodologies for currency valuation.
Time.news Editor: Lastly, I’d like to touch on an interesting development you’ve analyzed—the agreement to export “dead cow” gas to Brazil post-G20. How does this fit into the current economic picture?
Dr. Sofia Ruiz: The agreement to export dead cow gas is a vital step in strengthening regional ties and securing much-needed energy resources. It can potentially alleviate some pressures caused by inflation and foreign currency shortages—if managed well. Such agreements can enhance trade balances, but their success will largely depend on the government’s strategy in implementing them and how they are perceived domestically and internationally.
Time.news Editor: Thank you, Dr. Ruiz, for your insights. It seems clear that navigating the currency landscape in Argentina is a challenging yet fascinating task, and developments in the coming months will be critical to watch.
Dr. Sofia Ruiz: Absolutely, and thank you for discussing these important issues with me. It’s going to be an interesting time ahead.