November 27, 2014
'Blue' dollar rebounds, closes at 11 pesos
Following yesterday’s sharp fall, the so called “blue” dollar recovered today 45 cents, climbing to 11 pesos for sellers and 10.95 pesos for buyers. Savers seem to have aimed for the informal market, since greenbacks traded cheaper than in banks and exchange offices.
On Wednesday, the “blue” dollar plunged 70 cents with traders in the parallel market competing with a January 24 decision that eased government controls to buy greenbacks for saving. Furthermore, black market greenbacks yesterday traded cheaper than the rate charged for credit card transactions in foreign currencies, commonly known as the credit-card dollar.
Meanwhile, the American currency jumped a cent in BA City banks and exchange office to close at 7.835 pesos (buying price) and 7.885 pesos (selling price).