Argentina’s Economy Improves, But Why Has the Parallel Dollar Soared?

Yesterday, Argentina’s parallel dollar, also called ‘blue dollar’, surged to 1,230 pesos per unit, marking a four-month high. This black market value jumped by 50 pesos (4.2%) in one day. It has risen nearly 10% in the first two days of the week. This significant increase widened the gap with the official dollar. The exchange […]