Dollar exchange rates and July inflation figures in Argentina

On Saturday, August 22, financial markets were closed, with official and "blue" dollar exchange rates reflecting their closing values from the previous business day. The official dollar, as quoted on the Banco Nación's boards, ended the week at 1470 pesos for buying and 1520 pesos for selling.

Meanwhile, the "blue" dollar, which circulates in the informal exchange market, was trading at 1503.50 pesos for buying and 1550 pesos for selling. Financial dollars, encompassing the MEP (dollar Bolsa) and CCL (contado con liquidación) rates, which are accessed through stock market mechanisms involving bond and stock sales, also closed at their previous business day's rates.

In economic news, Argentina's inflation for July registered 2.1%, breaking a three-month trend of deceleration. Experts anticipate a slight downward trend in the price index starting in August, a month when the government had previously promised a lower inflation rate. Year-to-date inflation has accumulated 19.3%, and the annual rate stands at 22.8%, according to data from Indec. Core inflation, excluding seasonal and regulated prices, was 1.8%, slightly higher than June's figure.

For those looking to acquire dollars, purchasing through home banking is an option following the removal of currency controls. It is advisable to consult with one's bank, as each institution has specific operating hours for such transactions.