Argentina's Central Bank to Sell Dollars in Parallel FX Market to Address Exchange Rate Gap
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#109baaec ver:0.4

Argentina's Central Bank will sell dollars in the parallel FX market to address the exchange rate gap. Despite economic challenges, Argentina recorded a historic trade surplus in May. Informal exchange rates have increased significantly. The central bank's move aims to contain the widening gap between official and parallel rates. Inflation is at 272%. Concerns arise over the overvaluation of the official exchange rate and the central bank's ability to accumulate reserves. In Colombia, the US Dollar closed above $3,880 due to Middle East uncertainty. #Argentina #economy #exchange #inflation #Colombia #USD...

#newstr #Argentina #ParallelFxMarket #MonetaryFramework #ExchangeRate #Inflation #ForeignReserves 

 https://here.news/story/109baaec?ver=0.4