Argentina's official dollar closes at 1505 pesos, blue dollar at 1510

Argentina's official dollar closed Monday, July 13, at 1505 pesos for selling, according to data from the Banco Nación. This official rate reflects the currency's value as managed by the Central Bank of Argentina (BCRA), which operates through both retail and wholesale channels. The retail rate serves as a benchmark for other market quotes.

Meanwhile, the "blue" dollar, also known as the parallel or black market dollar, was trading at 1510 pesos for selling. This unofficial rate is a common way for many Argentines to access U.S. dollars, operating outside government controls. The gap between the official and blue dollar rates highlights the complexities of Argentina's currency market.

Adding to the economic landscape, the country's risk index is approaching 400 points. This figure is a key indicator of perceived investment risk. Furthermore, the inflation index for June is scheduled for release today, which will provide crucial insights into the country's ongoing economic challenges. The article also briefly explains other dollar types, such as the "dólar tarjeta" for foreign purchases and the "dólar cripto" accessed through exchange platforms.