What time does the market open?
The dollar rate will start to vary from 10, when the banking service begins.
What are the types of dollars in Argentina
Born in January 2014 and consisting of the official value of the North American currency plus 20% income and personal property tax, it should be noted that there is still selling inventory of $200 per person and month.
Also known as the black dollar or parallel dollar, this bill is sold in the informal market, through small trees or caves. They usually have a much higher exchange rate than the official dollar.
- 3- Mep Dollar or Bolsa Dollar
It consists of buying bonds in pesos and their subsequent sale in dollars. It is denominated in dollars but listed in dollars and peso, allowing it to be operated in both currencies.
It is the one in which people or companies sell or buy dollars to the bank or exchange agencies, according to the price offered by each entity. There are two types of rates: ‘buy’, which is the price the bank is willing to pay to buy dollars from people, and ‘sell’.
Foreign trade is used to pay debts and profits, denominated in dollars. In addition, it corresponds to the official dollar rate that the central bank charges retail banks.
This is a process by which a person or company can exchange Argentine peso for dollars abroad, by buying and selling shares or debt securities.
- 7- Dollars for industry and services
Because of the withholding effect, exporters of manufactures and services actually receive dollars worth less than the official value, and much less than the blue one.
What is a blue dollar?
The blue dollar, also known as the parallel dollar or the black dollar, is a euphemism used in Argentina to refer to US dollars that are illegally bought on the black market. Its main feature is that its exchange rate is generally higher than the official dollar.
On the other hand, the blue denomination in this coin is due to the fact that in the English language the word “blue” refers not only to blue, but also to something mysterious or mysterious. This is why it is called the unofficial dollar due to its illegal nature.
What does the value of the blue dollar depend on?
The attractiveness of those dealing with this currency is that its price rises sharply in times of exchange rate instability. Therefore, despite the fact that the blue dollar is an unofficial exchange rate that is traded outside the system, we must not lose sight of the fact that its rate depends on the rest of the real economy.
For these reasons, Argentines generally bet on the informal dollar because it has two characteristics, firstly, it is a guarantee of value against the permanent devaluation of the peso, and secondly, it is informal and does not exist for the treasury, which it uses. Escaping the enormous tax pressure imposed by the state.