The dollar seems unstoppable and the devaluation of the Argentine peso is accentuated. After having increased around $33 pesos, the US currency continued its bullish career this Tuesday and in the exchange houses the blue dollar It already sells for $495 per unit..
The price of the US currency once again set a new record in the last few hours and further widened the gap with the official price, which is already over 120%. The official dollar without taxes rose 50 cents and operates at $218.50 for purchases and $226.50 for sales on the screens of the Banco de la Nación Argentina (BNA), more than $268 less than the parallel price.
In the midst of the escalation of the dollar, the president Alberto Fernandez held a press conference this afternoon in the framework of the visit of the Romanian president Klaus Iohannis and referred to the rapid devaluation of the peso. The president ratified Miguel Angel Pesce in charge of the Central Bank of the Argentine Republic (BCRA) despite the exchange rate tension.
Fernández He further argued that the volatility of the exchange market is the consequence of “a permanent practice of the Argentine right.”.
The dollar does not seem to have a ceiling. Amid the turbulent national economy, the currency has climbed more than $100 throughout this month and, with year-on-year inflation already exceeding 100%, this new rise is expected to continue to put pressure on overall price increases.
