The official dollar opens at $1425 for sale, with the blue dollar also starting at the same rate in informal markets amid ongoing discussions with the IMF.
On February 11, the official exchange rate for the Argentine dollar is set at $1425 for sale, according to the Banco Nación. The blue dollar, which is traded in the informal market, is also quoted at $1425, indicating a moment of stability in exchange rates. This situation reflects current economic trends in Argentina as citizens closely monitor dollar fluctuations amidst the country’s volatile inflation and economic reform discussions.
In recent developments, the Argentine government has concluded meetings with a mission from the International Monetary Fund (IMF), aimed at reviewing the country's financial program. Technical experts from the IMF departed after a session with the economy team led by Luis Caputo, which has been underscored by the highest inflation rate recorded since March, at 2.9% for January. This economic environment complicates the negotiation of a labor reform project that is currently being finalized.
The article notes a notable decline in the dollar's value over the past four consecutive days, attributed to increased market supply. As various economic indicators shift, including inflation and currency accessibility, analysts are closely watching these trends to forecast how long this decline might last, raising concerns and hopes among citizens and investors about the forthcoming economic situation in Argentina.
