Dollar Prices: Official vs. Blue Dollar – December 9th
- A thorough overview of official and blue dollar rates across major Argentinian banks and the informal market.
- As reported to the Central Bank, here's a breakdown of the official dollar price at key Argentinian banks on December 9, 2024:
- it's important to check directly with your bank for the most up-to-date information.
“`html
Dollar Exchange Rates in Argentina: December 9, 2024
Table of Contents
A thorough overview of official and blue dollar rates across major Argentinian banks and the informal market.
Official Dollar Rates at Major Banks
As reported to the Central Bank, here’s a breakdown of the official dollar price at key Argentinian banks on December 9, 2024:
| Bank | Official Dollar Rate (ARS) |
|---|---|
| Galicia Bank | 1,460 |
| Banco Nación | 1,465 |
| Banco ICBC | 1,455 |
| BBVA Bank | 1,460 |
| Supervielle Bank | 1,463 |
| Banco Ciudad de Buenos Aires | 1,470 |
| patagonia Bank | 1,470 |
| Mortgage Bank | 1,460 |
| Santander Bank | 1,465 |
| Brubank | 1,465 |
| Credicoop Bank | 1,470 |
| Banco Macro | 1,480 |
| Bench piano | 1,480 |
| Commerce Bank | 1,450 |
These rates are subject to change throughout the day. it’s important to check directly with your bank for the most up-to-date information.
The “Blue” Dollar (Dólar Blue)
The “blue” dollar refers to the unofficial, parallel exchange rate for US dollars in Argentina. It’s driven by supply and demand in the informal market and frequently enough differs significantly from the official rate. This rate is often used by Argentinians to preserve their savings and access US dollars, especially during times of economic uncertainty.
As of December 9, 2024, the blue dollar is being sold at a price of[[[[Insert Blue Dollar Rate Here – data missing from original source].
Understanding the Discrepancy: Official vs. Blue Dollar
The significant difference between the official and blue dollar rates is a key indicator of Argentina’s economic challenges. Several factors contribute to this gap:
- Capital Controls: Restrictions on buying and selling US dollars at the official rate.
- Inflation: High inflation erodes the value of the Argentinian peso, driving demand for US dollars as a store of value.
- Economic Uncertainty: Political and economic instability fuels demand for US dollars.
- government Intervention: Government policies aimed at controlling the exchange rate can create artificial distortions.
Historical Context and Timeline
Argentina has a long history of currency fluctuations and economic crises