In the afternoon, the tranquility of the exchange rate ended and the free dollar climbed 10 pesos, reaching, once again, almost 160 pesos. Marcelo Duclos is a reporter for the PanAm Post from Buenos Aires. Today (October 2020) the exchange rate for your USD would be as follows: USD100 = AR$ 7675 *. NaLe Programación. We encourage readers to copy and distribute our work for non-commercial purposes, with attribution to InSight Crime in the byline and links to the original at both the top and bottom of the article. Blue Dollar: 14.9 ARS/USD (AKA: Dolar Blue, unofficial dollar, parallel dollar) This is the cost of buying and selling a physical dollar bill in a cueva, or clandestine financial house in Buenos Aires. UnApp. As the peso plunges against the dollar in the black market, speculation is mounting in Argentine financial circles that the government will devalue the official exchange rate as … A criminal group in Argentina has found a novel target for extortion: black market currency dealers who are moving large amounts of cash to dollar-hungry Argentines in an economy hit hard by the pandemic. While Argentina was granted a month long extension to come to an agreement with the holdouts, the future of Argentina’s debt payments remains unclear. Source: Yahoo Finance (Yahoo!) Another issue that indicated that everything could fall apart at any moment was the small gap between the free and official dollar. Mar 28. “With the current depth of the recession, Argentines who want to save will take refuge in safer assets, including the informal dollar,” Natalia Motyl, an economic analyst at the policy research group Libertad y Progreso in Buenos Aires, told Reuters. But when the exchange rate remains stable, they seem to be boasting of a successful monetary policy. In a few minutes, the weak sandcastle that represents the reliability of the Argentine peso collapsed. 0.016. We have revamped the site to create a better display and reader experience. En Dolar Blue Argentina nos encargamos de calcular el promedio del dolar cada día tomando como referencia los indicadores de las paginas de dolar mas utilizadas por los Argentinos en 2020. Many people believe that even this blue rate does not reflect the actual value of the Argentine peso. At the beginning of the holidays, economic and exchange uncertainty is again a topic in Argentina. The distance between 144 and 150 pesos these days already made it clear that the “blue” was “cheap.”. Subscribe free and never miss another breaking story, © 2020 PanAm Post - Design & Develop by NEW DREAM GLOBAL CORP. - Privacy policy. The fear of a second lockdown due to an eventual resurgence of COVID-19 does little to calm the delicate situation. Now, if you exchange your money in the parallel market, the transaction would be far more convenient. According to a recent report, kidnappings in Guatemala have fallen sharply since 2009. Sticker Whats 2020. Kidnappings in Guatemala Fall Dramatically: Report, Peru Extortion Shows Strengthening of Homegrown Criminal Groups, Growing Extortion Spurs Wave of Deadly Bus Attacks in Guatemala, InSight Crime Events – Border Crime: The Northern Triangle and Tri-Border Area, InSight Crime’s ‘Memo Fantasma’ Investigation Wins Simón Bolívar National Journalism Prize, InSight Crime – From Uncovering Organized Crime to Finding What Works, InSight Crime – Ten Years of Investigating Organized Crime in the Americas. The currency ARS=RASL is at around 67 per dollar, with tight controls limiting how much Argentines can convert to foreign currency and a steep tax on any exchange. Welcome to our new home page. Following his interview inside…. Mar 30. The country’s elite and public officials also exploited the country’s exchange system to embezzle hundreds of millions of dollars. In view of the total rejection of any fundamental reform, the government is appealing to the short term and to the patch of the agricultural sector’s export dollars, which in the last closures registered interesting quotations. We use cookies to ensure that we give you the best experience on our website. Argentina has entered total crisis mode for the second time in 14 months, with the black market premium — the spread between the official peso-dollar exchange rate and the blue chip or … Though not particularly policed, the blue dollar exchange is still illegal. 0.016. Argentina Drug Gang Extorts ‘Blue Dollar’ Sellers. Spanish – Alberto Fernandez ‘s administration was proud of … This is the cost of buying and selling a physical dollar bill in a cueva, or clandestine financial house in Buenos Aires. 0.016. It has stayed active in drug trafficking and has expanded its extortion rackets, targeting taxi drivers, unions and now blue dollar salesmen. A new president, new monetary policies, and the “Blue Dollar”, the unofficial exchange market for Argentinean Pesos [ARS], is back! The government continues to finance itself through monetary issuance and even with banknotes imported from abroad since the National Mint is unable to meet the demand. Historically, the Argentinean Peso reached an all time high of 14850 in September of 2020. Spanish – Alberto Fernandez‘s administration was proud of the precarious stability of the American currency. Year 2020 United States dollar/Argentine peso (USD/ARS) rates history, splited by months, charts for the whole year and every month, exchange rates for any day of the year. One Love: The American Dollar. In May, the black market rate reached 138 Argentine pesos per dollar, and it’s currently twice as high as the official rate of about 70 pesos per dollar. For over a decade, Argentinians have hit the streets in order to get their hands on the coveted American currency. In a bid to protect Argentina's dollar reserves, the central bank tightened controls on buying dollars in the foreign exchange market, transactions involving dollar- denominated bonds and credit card purchases made in foreign currency. These controls also made the US dollar artificially expensive, fueling the country’s currency black market. Panelists surveyed for this month’s LatinFocus report see the ARS ending at 66.68 per USD and 84.42 per USD in 2019 and 2020, respectively. Mkambio APP. Los promedios del dolar en nuestra tabla son facilmente comprobables en las … When analyzing this -so far- slight run, the reasons are clear: the fiscal deficit remains unchanged. The Los Monos crime group got its start more than two decades ago, trafficking drugs from Paraguay through the strategically located city of Rosario, where it gained a stronghold controlling local drug sales. The black market peso or blue dollar plummeted 9.7% to open at a new all-time low 145 per U.S. dollar. The “Blue Dollar” exchange buys you more Argentinian Pesos UPDATE January 2020: how quickly things change in Argentina. Calculadora ARS / USD. Directory of best currency transfer providers, compare to exchange rates when sending money from Argentina US dollar to Argentine peso exchange rate Find the best USD/ARS exchange rate for 07 Apr 2021. Such a difference! Argentinean Peso - data, forecasts, historical chart - was last updated on April of 2021. Argentina - Exchange Rate Data 2015 SEE ALSO: Argentina’s Corrupt Federal Police: A Few Bad Apples? Best price if you are buying or selling physical US dollar with no involvement of any government-sanctioned or licensed entity As the COVID-19 pandemic has caused sweeping economic damage, the blue dollar rate has skyrocketed. We then verify, write and edit, providing the tools to generate real impact. Get fresh updates on organized crime from across the region delivered to your inbox. Fentanyl Seizures Explode Across United States, Brazil’s Emerald Exports – The Latest Revelations About Dario Messer, Costa Rica Cocaine Theft Ring Relies on Crooked Agents, Underwater Drone Would Have Secretly Delivered Cocaine to Europe, Ecuador’s Self-Defeating Anti-Trafficking Law. Background on Argentina’s Blue Dollar The Argentina blue dollar rate is only valid within Argentina. Argentine Peso exchange rates and currency conversion. A criminal group in Argentina has found a novel target for extortion: black market currency dealers who are moving large amounts of cash to dollar-hungry Argentines in an economy hit hard by the pandemic. According to La Nación, they have demanded payment in the form of property, luxury cars or US dollars. ES. Though Los Monos’ best-known leaders are currently in jail or dead, the group remains formidable. So, with the blue dollar exchange rate, your transaction would be as follows: USD100 = AR$ 17500 * (October 2020). Variaciones diarias del Dólar Blue y Oficial en Argentina. “Blue” Dollar Shot up in Argentina, Sandcastle Collapsed, At the beginning of the holidays, economic and exchange uncertainty is again a topic in Argentina. Why does the Blue dollar rate exist and where did it come from? Live Rate. To give readers an idea of how fast the real value of pesos is falling on the international markets, in January 2020 the Blue Dollar spread was hovering around 25%. What’s more, as the gap between the official and blue dollar exchange rate increases, business is booming for these illegal currency traders, making them all the more attractive. The blue-chip swap, Argentina’s unofficial exchange rate derived from the trading of peso and dollar-denominated assets, weakened the most in two weeks after the new administration of … The Royal Australian Mint calls it the "donation dollar" — a specially made $1 coin that it hopes people will give away. In an effort to protect the local economy the government caps the amount of US Dollars the Argentine population can purchase. Home » “Blue” Dollar Shot up in Argentina, Sandcastle Collapsed. Blue Dollar AKA Dolar Blue or unofficial dollar is parallel dollar rate of USD in Argentina. ARS/USD (Argentine peso/United States dollar) Mar 2020 (03.2020) exchange rate history. Since the late 20th century, the Argentine peso has experienced a substantial rate of devaluation, reaching 25% year-on-year inflation rate in 2017. ... Dollar in Mexico: Banks Exchange Rate. Argentina currency (ARS). In Venezuela, longtime strict currency controls created a vast black market economy and a wealth of opportunities for crime groups. ARGENTINA / 7 JUL 2020 BY ANASTASIA AUSTIN EN. Check the Creative Commons website for more details of how to share our work, and please send us an email if you use an article. In one example, a currency dealer paid $25,000 a week to a young gang member who reportedly did nothing more than invoke the name of Los Monos’ imprisoned leader, Ariel Cantero, alias “Guille,” according to La Nación. When the parallel dollar shoots up, the authorities say that it is illegal or non-existent. “They are assured that the victim is not going to be able to make a judicial complaint,” an investigator told the newspaper, because “what is possessed can’t be justified.”. It is subdivided into 100 centavos.Its ISO 4217 code is ARS.. The USDARS increased 0.2350 or 0.26% to 92.3800 on Thursday April 8 from 92.1450 in the previous trading session. Although the “blue” had not moved for several days, the Argentines do not seem willing to run the risk of staying with bills issued by the Central Bank of the Republic even for a moment longer than what is strictly necessary. As of December 2020, foreign currency is worth approximately 50% more on the black market and this number is only expected to go up as the government increases currency controls. This makes traders easy targets for Los Monos, for whom extortion offers a low-risk alternative to drug trafficking amid coronavirus restrictions. 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