In a rough session for local finance, the informal dollar has jumped by 7% during the day, and the currency exchange gap (brecha) exceeded 120%. The informal dollar exchange rate, known as the blue dollar, peaked at AR$497 before receding slightly following statements from Economy Minister Sergio Massa. The exchange gap is the difference between the official dollar exchange rate and the financial or informal (blue) dollars. “It’s not news, they’ve always done this,” said Fernández, who later wrote a Twitter thread to reflect his statements. — Alberto Fernández (@alferdez) April 25, 2023Massa published a thread about the rise of the informal dollar, saying that “an atypical situation involving rumors, versions, fake reports” had “an impact on financial instruments related to the US dollar”.

Source: Bueno Aires Herald April 25, 2023 22:54 UTC