'Blue' dollar skyrockets to AR$8.75

The so-called "blue dollar" that trades at the black market skyrocketed today to AR$8.75 (buying price) and AR$8.75 (selling price), thus climbing 48 cents from yesterday's closing rate and 60 cents within the past two days as result of the AFIP's tax bureau announcement of a 5% tax increase for all debit/credit cards overseas purchases.

Yesterday the "blue" dollar -born after the national government's restrictions to the purchase of any foreign acurrency imlemented almost two years ago- had climbed 19 cents as result of the announcements made on Monday by the AFIP tax bureau, which dictated a 5 percent tax increase for all debit/credit cards purchases made overseas.

Meanwhile, the US dollar official trade rate remained unchanged today at AR$5.05 (buying price) and AR$5.105 (selling price).

The euro remained steady, trading at AR$6.55 and AR$6.72.