Export Increase Program News Today

The “blue” (a euphemism for “black market”) dollar rose AR$ 10 Tuesday and sold for AR$ 810, thus setting a new record, it was reported from Buenos Aires.

The so-called blue (a euphemism for black market) US dollar climbed sharply against the Argentine peso on Thursday, reaching a rate of US$ 1 = AR$ 790, it was reported in Buenos Aires. This was the highest rate since August 16, when it reached AR$ 795, and represented an increase of AR$ 43 in three days and AR$ 15 in just one day.

The so-called “blue” (a euphemism for “black market”) dollar in Argentina broke another record Thursday and closed at AR$ 553, it was reported in Buenos Aires. In some provinces such as Buenos Aires and Santa Fe the quotation went up to AR$558, according to local media.

The preferential exchange rate for soybean exporters ended yesterday

After the blue (a euphemism for black market) dollar reached nearly AR$ 500 on Tuesday, Superminister Sergio Massas measures in order to avoid speculative maneuvers resulted in a drop to AR$ 474, it was reported in Buenos Aires.

The blue (a euphemism for black market) dollar went up another AR$S 20 Monday to close at AR$ 462 and somehow match inflation in other items of the countrys economy, which it was lagging.

Argentine Economy Minister Sergio Massa seems unable to find a way out of the countrys current crisis. In this scenario, the blue dollar (a euphemism for black market) rose five more pesos Wednesday to close at AR$ 423 as the Central Bank (BCRA) ended with a negative balance of US$197 million, this bringing a streak of six positive rounds to an end. The country risk remained at 2,474 basis points, according to JP Morgans index.

The “blue” (a euphemism for “black market”) dollar closed rose by AR$ 8 and closed at AR$ 408 Monday, reaching a new all-time high, it was reported in Buenos Aires. It had closed at AR$ 400 on Friday. The Argentine Central Bank bought US$ 73 million to add to its dwindled coffers.

Argentina's Minister of Economy, Sergio Massa, announced yesterday, Wednesday, a different exchange rate for the soybean

Argentinas new version of the Export Increase Program (PIE) has resulted in US$ 1.824 billion worth of soybeans sold abroad, which nearly meets the governments target, it was reported Friday in Buenos Aires.