Exporters are required to change dollars from overseas earnings into pesos, either at the official exchange rate or, in some cases, at special sector-specific rates. “They leave [the dollars] overseas or they convert them to the blue-chip swap rate,” a Customs press release stated. The blue-chip swap rate, also known as contado con liqui or CCL, is used exclusively in the financial world. Exporters receive less than half as many pesos per dollar at the official exchange rate: at the time of writing, the blue-chip swap rate is AR$453 per dollar, while the official exchange rate is AR$222. Exporters of certain agricultural goods can use the “agro dollar III” exchange rate of AR$300.

Source: Bueno Aires Herald April 30, 2023 02:08 UTC