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Entries with Keyword blue dollar

Well it’s 2017. Here in Argentina we find ourselves awash in the bitter fruits that have sprung up from the seeds of austerity sown in 2016. Don’t get me wrong, it had to be done, but it’s definitely not something …

President Mauricio Macri’s administration is dotting the I’s crossing the T’s of the 2017 budget that it will send to Congress next week. And sources tell La Nación the government expects an average exchange rate of AR$18 per US dollar …

I’m a tourist! How do all of these economic shenanigans affect me?

The Bubble published an article earlier today on what people can or can’t do now that the restrictions on the dollar are a thing of the past. But …

Now that Finance Minister Alfonso Prat-Gay has announced the end of restrictions on purchasing foreign currency in Argentina (a set of controls known locally as cepo or “clamp”), it’s a new dawn, it’s a new day, it’s a new dollar …

**Update: The dollar has gone down to AR$14.20 as of 12:30 PM. It is likely to continue fluctuating throughout the day. Don’t panic.**

Now that the cepo has officially been lifted, we’ve got a single, unified dollar and transactions …

It is truly the end of an era. Argentina’s currency controls, known collectively as the cepo and that led to the myriad of blue dollar unofficial rates, are one of the hallmarks of former President Cristina Fernández de Kirchner’s economic …

After a few months of electoral uncertainty which saw Argentina’s blue dollar, or parallel exchange rate, rise to well over 16 AR$/US$, this week has been volatile. On Tuesday morning, the rate fell to US$14.35, then bounced back to US$14.70 …

Argentine presidential politics are in full swing. The unexpected ballotage runoff that will determine whether our next President is Cambiemos’ Mauricio Macri or Victory Front’s (FpV) Daniel Scioli is less than two weeks away, and both candidates are dutifully filling …

The blue dollar has hit a new low, plunging 41 cents this morning. It is now trading for AR$ 14.73 pesos, the lowest rate since late July.

With the presidential runoff just two weeks away, the blue dollar rate …

Last week wasn’t easy for President-on-her-way-out Cristina Fernández de Kirchner. On the political front, she treated us with deafening silence following her candidate’s poor performances in the general election. But on the economic front, her government was not so quiet.…