The parallel dollar surpassed the barrier of 8.25 pesos

March 20, 2013

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The dollar rose more than 17 cents yesterday in the informal market and surpassed the barrier of 8.25 pesos for sale in the city of Buenos Aires, on the day after the stocks exchange adjustment provided by the Government in an attempt to combat capital flight.

The increase from 15 to 20 percent of the surcharge for spending abroad with credit cards or debit cards issued in Argentina, now extended to ticket purchases abroad and tour packages here in the country, travelers pushed to the secondary market for take cash, generating an increase in unofficial dollar market.

This was confirmed by operators, which indicated after this new measure, the U.S. currency in the informal sector expanded more than 60 percent of the gap with respect to the currency traded in official market.

So far this year, the ‘blue dollar’ accumulates an average rise of 1.40 pesos, encouraged especially by savers, investors and tourists looking to add dollars to their pockets to travel internationally.