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On its last day in office, the Central Bank devalued and put the dollar at $385, while the Nation sells it at $405

2023-12-07T20:09:20.530Z

Highlights: The official exchange rate rose 5.9% in one day. It's the biggest jump since last August. With this rise, the so-called retail dollar trades at $405 at Banco Nación. This dollar exists only for reference, as savers can only access the currency with the PAIS tax surcharge, priced at $968 at retail banks. This is the most marked jump for a day since August 14, when after having finished third in the PASO Massa introduced a 22% devaluation.


The official exchange rate rose 5.9% in one day. It's the biggest jump since last August.


In the last round of Sergio Massa's tenure as economy minister and Miguel Angel Pesce as president of the Central Bank, the government applied a 5.9% devaluation of the official exchange rate that brought the wholesale dollar to $385.

This is the most marked jump for a day since August 14, when after having finished third in the PASO Massa introduced a 22% devaluation. The curious thing is that this time the increase in the exchange rate did not occur at the beginning of the round, but occurred almost at the end, with a correction of 21 pesos on the day.

With this rise, the so-called retail dollar trades at $405 at Banco Nación. This dollar exists only for reference, as savers can only access the currency with the PAIS tax surcharge, priced at $968 at retail banks.

Developing news

Source: clarin

All business articles on 2023-12-07

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