Minute-by-minute update on Wednesday, April 30: Officer's Quoted Amount for Dollar and Parallel's Price Online
In Argentina, Currency Scene Shifts: Official Dollar Tops the Blue
- Hey there, I'm here to help you navigate the currency landscape in Argentina.*
What's Happening with the Dollars Now?
The official dollar climbed by ten pesos on Wednesday, April 30, trading at $1.190 in the National Bank (BNA). Meanwhile, the blue dollar dropped by $15 and closed at $1.185. Keep up with the latest updates in this minute-by-minute coverage provided by Clarin.
ADRs Slip by Up to 4.7%
Argentine firms on Wall Street saw shares sell off. Edenor (-4.7%), YPF (-4.3%) and Central Puerto (-4%) led the losses.
Foreign Currency Debt Titles Tumble
GD46 (-0.9%), AL29 (-0.6%) and AL35 (-0.5%) saw the largest declines in dollar-denominated bonds. Country risk stood at 726 points.
The Financial Dollars Follow an Uptrend
The MEP dollar, sourced from dollar purchases and sales, closed at $1.183, a $10 increase from Tuesday. On the other hand, the CCL dollar, used by companies for foreign transactions, rose $5 to reach $1.193.
The Blue Dollar Retreats Another Five Pesos
It trades at $1.165 for purchase and $1.185 for sale, making it only five pesos shy of the official rate. In stark contrast, the official price at the National Bank stands at $1.190 for sale and $1.140 for purchase.
The Central Bank Maintains a Hands-Off Approach
In the last round of the week due to holidays, the monetary authority stuck to its policy of non-intervention in place since the Government established the exchange rate bands.
The Official Dollar Climbs to $1.190
On National Bank blackboards, the dollar quote rose by ten pesos compared to the previous day.
Seasoned Journalist to Provide Real-Time Dollar Updates
Hola, I'm Belen Papa Orfano, your guide to the latest dollar movement news.
How Financial Dollars are Faring
While the blue dollar is below the official dollar, the MEP dollar trades slightly higher, at $1.181.37, compared to the $1.180 offered by the National Bank. Meanwhile, the liquid dollar is trading at $1.194.
The Blue Dollar Undergoes Another Five-Peso Loss
It trades at $1.185 for sale and $1.165 for purchase, creating a slight gap from the official price. On the other hand, the official price is at $1.190 and $1.140 at the National Bank.
Next Four Days: Limited Banking Operations
From Thursday, May 1 to May 4, 2025, banks will be closed to the public at their branches. Thursday, May 1 is a national holiday for Labor Day, and Friday, May 2 is a non-working day for tourist purposes, as per Decree 1027/2024.
Financial Dollars Trade During Tied Blue and Official Prices
The MEP is priced at $1.179, less than both the official dollar and the blue. Meanwhile, the liquid dollar rises to $1.198.
U.S. Inflation Drops to 2.3% in March, a Six-Month Low
U.S. inflation fell to 2.3% year-over-year in March, marking a six-month low[2]. This drop can be partly attributed to the reduction in energy prices. The rate was slightly above the median of forecasts from economists who expected a 2.2%.
Virtual Wallets Require More Time for QR Code Implementation
The implementation of QR code payments on public transportation like the subway, proposed as an alternative to the SUBE card, has generated conflict within the virtual wallet sector[3]. The Central Bank has set May 12 as the deadline for launching this functionality but claims that only Mercado Pago is ready to meet these demands.
Government Works to Cancel Debt with the Central Bank
Two weeks following the agreement with the IMF, the government intends to buy back the majority of Non-Transferable Bonds held by the Central Bank with the $12 billion already received from the organization[4]. The Central Bank could proceed with this action in its scheduled board meeting this Thursday.
Problems Arise for Some Private Banks When Buying Dollars
Several minutes after the official and blue exchange rates harmonized for the first time in a while, some institutions claim to be performing "maintenance tasks".
Historic Day: Official Dollar and Blue Dollar Match
For the first time in years, the official dollar and the blue dollar have equalized, trading at $1.190[5]. The blue dollar fell ten pesos at its opening.
Sources:[1] No specific source provided in the original text.[2] US inflation falls to 2.3% in March before the introduction of tariffs, Clarín.com.ar. (2025, Apr 30). Retrieved May 3, 2025, from https://www.clarin.com/economia/inflacion-eeuu-cae-23-marzo-antes-introduccion-tarifas_0_YdxKw8zZ.html[3] S.., (2025, Apr 30). QR Code Payments on Subway: Virtual Wallets Ask for More Time to Implement the System. Clarín.com.ar. Retrieved May 3, 2025, from https://www.clarin.com/economia/qr-code-payments-subway-virtual-wallets-ask-more-time-implement-system_0_ZJwH0iKD.html[4] S.., (2025, Apr 30). With IMF Dollars, the Government Seeks to Cancel Part of its Debt with the Central Bank. Clarín.com.ar. Retrieved May 3, 2025, from https://www.clarin.com/economia/con-dolares-imf-gobierno-busca-anular-parte-deuda-banco-central_0_YKUw6SQQ.html[5] No specific source provided in the original text.
- In Argentina, the official dollar and the blue dollar have reached parity for the first time in years, trading at $1.190 each.
- The official dollar climbed by ten pesos on Wednesday, April 30, trading at $1.190 in the National Bank (BNA). Meanwhile, the blue dollar dropped by $15 and closed at $1.185.
- While the blue dollar is below the official dollar, the MEP dollar trades slightly higher, at $1.181.37, compared to the $1.180 offered by the National Bank.
- The implementation of QR code payments on public transportation has generated conflict within the virtual wallet sector, with only Mercado Pago ready to meet the demands set by the Central Bank.
- Financial dollors are faring differently in the market, with the MEP dollar trading slightly higher and the liquid dollar significantly above the official dollar.
- The U.S. inflation fell to 2.3% year-over-year in March, marking a six-month low.
- As a result of the agreement with the IMF, the government intends to buy back the majority of Non-Transferable Bonds held by the Central Bank with the $12 billion already received from the organization.
- In the world of entertainment, the latest in general news, sports, technology, education-and-self-development, casino-and-gambling, and personal-finance can all be found on Clarin.com.ar.
- Keep up with the latest updates in this minute-by-minute coverage provided by Clarin, or follow experienced journalist Belen Papa Orfano for real-time dollar movement news.
