Argentina: “Blue” dollar hits new all-time high

Argentina: “Blue” dollar hits new all-time high

The “blue” (a euphemism for “black market”) dollar rose AR$ 10 Tuesday and sold for AR$ 810, thus setting a new record, it was reported from Buenos Aires.

Pressure increases as Argentines seek to get rid of pesos, anticipating a sharp devaluation of the local currency after the first round of the presidential election