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Reminiscent of Argentina's Blue Dollar, the real exchange rate between the peso and the US dollar and usually very different from the official rate.
by TMWNN 6y ago
Reminiscent of Argentina's Blue Dollar, the real exchange rate between the peso and the US dollar and usually very different from the official rate.
- asciimike 6y agoI thought the Blue Dollar was mostly phased out when they let the peso float at the end of 2015?
- TMWNN 6y agoI did too, but reading recent news reports, it still exists.[1] I presume that the spread grows when the country is in times of crisis (inb4 "When is Argentina ever not in crisis?"), such as the recent default. [1] https://www.explica.co/dollar-today-the-blue-dollar-rises-to-120-while-the-trickle-of-deposits-and-reserves-continues/ https://www.explica.co/dollar-today-the-blue-dollar-rises-to...
- maxilevi 6y agoThe currency restrictions were reinstated at the end of 2019.