Blue dollar and official dollar in Argentina: how much is the exchange rate today, February 21

On the last day of February the official dollar it is located in $208.00 for the purchase and $211.00 for the sale, according to what the Central Bank reports in the various financial entities. In Argentina, throughout 2022 there are planned payments to the IMF for some 19,000 million dollars, in 2023 for another 20,000 million and in 2024 some 4,000 million more.

This, February 20, the blue dollar traded to in $208.00 for the purchase and $211.00 for the sale. We inform you that for the day of February 21 the price of this currency will be known in the early hours of the day.

QUOTE OF THE BLUE DOLLAR THIS FEBRUARY 20?

On the last day of February, the dollar closed at $208.00 for the purchase and $211.00 for the sale. This price is so far the highest in the market, compared to the last few days.

WHAT IS THE BLUE DOLLAR?

‘Blue dollar’ is the term given to the dollar that circulates on the black market and usually has a higher value than the official one. Some explain its name because in English, ‘blue’, in addition to meaning blue, refers to what is “dark”.

Another explanation for the meaning of ‘blue dollar’ relates it to the purchase via bonds or shares of companies known as ‘blue chips’. This denomination is also referenced with the similar color that is noticed when a fibron is applied to recognize counterfeit bills.

HOW THE BLUE DOLLAR ORIGINATED

Since 2011, in Argentina the term blue dollar begins to be used. This occurred as a response to the restrictions for the acquisition of foreign currency that began to be applied by the AFIP and the Central Bank of the Argentine Republic, which was under the command of the President, Cristina Fernández de Kirchner.

THE ECONOMIC SITUATION IN ARGENTINA FOR THIS 2022

The government seeks to reach an agreement for extended facilities that lengthens payment terms and replaces the current stand-by program.

With restricted access to international credit markets and no greater availability of international reserves, the Central Bank has limited its interventions in the foreign exchange market in recent weeks.

In Argentina, an exchange control has been in force since 2019 that has been tightening until it limits the amount that individuals can acquire in the official market to 200 dollars per month.

YOU CAN ALSO READ