The parallel dollar price in Argentina has reached a five-month low of 1,195 pesos per unit, marking a significant decrease of 10 pesos from the previous day. This downward trend, influenced by government intervention, has narrowed the gap between parallel and official exchange rates in the country.
President Javier Milei’s administration is actively pursuing its capital declaration policy to bring undeclared funds into the formal economy, contributing to the increase in foreign currency deposits. As a result, the supply of dollars in the market has expanded, leading to the current decline in parallel dollars.
Financial segments for dollar acquisition have also ended the week on a lower note, with the “Contado Con Liquidación” closing at an average of 1,201.80 pesos per unit and the “Mercado Electrónico de Pagos” finishing at approximately 1,187.30 pesos.
The government’s tight monetary policy, aimed at slowing inflation and achieving a fiscal surplus, continues to drive the downward trend in parallel dollars in Argentina. With the exchange rates closely monitored by the Central Bank of the Argentine Republic (BCRA), the market remains dynamic and responsive to government measures.
Argentine Parallel Dollar Hits Five-Month Low