The “blue” dollar over 6 pesos

Buenos Aires, May 23, 2012
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The parallel dollar, better known as “blue”, was negotiated in the range of $ 6.11 and $ 6.15 for sale, while the official remained at $ 4.48.

On Tuesday, the informal dollar had closed $ 5.90 – $ 5.94 and since January, when restrictions were tightened to buy the U.S. currency, grew almost 30%.

With these parameters achieved by the blue dollar, the gap with the official currency was expanded to 37.3 percent.

Meanwhile, the dollar in the formal exchange house had grown 16 cents, taking into account the $ 4.32 with which was trading four and a half months ago, ie 3.7 percent.

Meanwhile, the Euro closed at 5.63 and 5.78 pesos for both operations, with a decline of two cents, being surpassed by the parallel dollar.

Some economists show some concern about the spread of “blue”, as it influences inflation, retracts consumption and investment and encourages capital flight.