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July 30, 2014
Thursday, February 6, 2014

US dollar drops two cents, closes at 7.89 pesos

The US dollar dropped today two cents and closed at 7.89 pesos at banks and exchange offices after it plunged 10 cents yesterday to end at 7.91 pesos.

The Central Bank yesterday reinstated a rule that restricts the amount of foreign currency holdings banks can hold in their coffers to a maximum 30 percent of the institution’s financial liability or its liquid equity, whichever is lower. At the same time, a 10 percent limit was set for the futures currency market.

The US currency which trades in the black market was 15 cents lower at 12.40 pesos.

Meanwhile, Central Bank reserves fell US$49M to US$27.800M, as US$11M were sold for savings in the 11th day of the exchange rate regimen flexibilization.
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Tags:  dollar  Argentina  currency  exchange  euro  blue  





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