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Blue dollar today: how much it is trading at this Sunday, July 25

2021-07-26T00:12:05.315Z

Look at the minute by minute price for buying and selling the blue dollar today. 07/25/2021 7:00 Clarín.com Economy Updated 07/25/2021 7:00 AM The blue dollar is trading this Sunday, July 25, at $ 182.00 for the purchase and $ 185.00 for the sale. The gap between the blue and the official dollar is 90%. In this way, the blue dollar remains stable compared to the last price. The value of the blue dollar has a substantial difference with the official dollar, which is acquire



07/25/2021 7:00

  • Clarín.com

  • Economy

Updated 07/25/2021 7:00 AM

The

blue dollar is

trading this

Sunday, July 25,

at $ 182.00 for the purchase and $ 185.00 for the sale.

The

gap

between the blue and the official dollar is 90%.

In this way, the blue dollar remains stable compared to the last price.

The

value of the blue dollar

has a substantial difference with the official dollar, which is acquired in banks and has an established price.

How was the price of the blue dollar and its evolution in July 2021

Blue dollar quote

Tap to explore the data

Infographic:

Clarín

Why is it called a blue dollar?

The blue dollar

is the one that circulates on the black market and usually has a higher value than the official one.

An explanation of its name indicates that it is so called because in English, "blue", in addition to naming the color blue, refers to something "dark".

Another theory relates it to purchase operations through bonds or shares of companies known as

"blue chips

.

"

They also link it to the approximate color that appears when a fibron is applied to detect counterfeit bills.

Origin of the blue dollar

The concept of the blue dollar began to be used in Argentina as of 2011, as a consequence of the

restrictions

for the acquisition of foreign currency that the Federal Administration of Public Revenues (AFIP) and the Central Bank of the Argentine Republic began to apply under the government of Cristina Fernández de Kirchner.

These

limitations

gained new momentum in December 2019, after the announcements by President Alberto Fernández about the Economic Emergency Law.

There, the implementation of the tourist dollar and the 30% tax on the purchase of dollars for savings and tourism was promoted.

It came into effect on Monday, December 23, when it was announced in the Official Gazette.

This generates that sectors that travel abroad choose to buy dollars on the

black market

, thus generating an increase in the price of the blue dollar.

It should also be noted that

the exchange rate remains in force

and that, therefore, the purchase of the official dollar is still

limited

by the Central Bank to only

$ 200 per month

if it is carried out by online transaction or to $ 100 if it is done through the window.

Source: clarin

All business articles on 2021-07-26

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