March 11, 2014
US dollar steady at 7.82 pesos, 'blue' at 11.65
The US dollar closed steady today at Buenos Aires City banks and exchange offices at 7.82 pesos. Greenbacks have registered a 17-cent-and-a-half drop over the past five days after the devaluation that took the American currency to hit 8 pesos.
Meanwhile, the so called “blue” dollar that trades in the parallel market closed unchanged at 11.65 pesos after dropping yesterday 50 cents fuelled by a lower demand for the greenbaks since the government decided to ease the purchase of foreign currencies back on January 24.
In addition, Central Bank reserves went up US$17 million to US$27.75M, while AFIP informed that US$7 million were sold for "saving purposes", reaching US$190M since January 27 when exchange rates regime was eased.