The illegal dollar lowered its price and is being sold at AR$7,60

Argentina, February 5, 2013

Due to a decline in demand, the dollar blue, who reached last week AR$ 8, can be bought in the city today at AR$ 7.60.

The parallel dollar remains low, being today the third business day of February and the third to continue the trend. The caves from downtown, which offered it in late January at AR$ 8, sell it today at AR$ 7.60.

According to sources, the currency lowered its price due to the cessation of orders of dollars from tourists and large investors. They also argued that the need for Argentine pesos to the beginning of the month helped to unpack the situation.

Moreover, the official dollar which is being trade at banks and exchange houses is operating at 4.94 to 4.99 for the purchase and sale respectively.