The Logic Behind The Blue Rates

[PhilipDT]

I just checked (45 mins after your post) and the rate whopped to:

Euro oficial: $ 11,28
Euro blue: $ 16,97
Euro turista: $ 15,23
I'll make another round of phone calls in a hour to see if they changed their rates.

At least one of my regular places offers lower rates over the phone than the do in person.

 

[ARbound]

The spread for the Blue Euro should be lower than for the US $ due to lesser demand!

Rich One, you should know by now that economics 101 doesn't apply to anything
oficial here let alone the black/blue market

 

[Rich One]

Rich One, you should know by now that economics 101 doesn't apply to anything
oficial here let alone the black/blue market

I only follow Kicillof's Neo-Keynesian Reaganomics.

 

[dennisr]

Logic?

http://www.iprofesional.com/notas/187959-Lo-siguen-ahorristas-y-es-rechazado-por-el-Gobierno-el-dlar-de-convertibilidad-da-va-libre-al-alza-del-blue

 

[glasgowjohn]

There is no logic in the blue rate

Maybe we should ask who controls the big cuevas in the microcentro?

The big banks have to be involved directly or indirectly and I am convinced that the government also plays the market in spite of their claims of illegality etc.

I wouldnt be surprised either if the Campora use the grey market to help fund their activities.

 

[dennisr]

There is no logic in the blue rate

Maybe we should ask who controls the big cuevas in the microcentro?

The big banks have to be involved directly or indirectly and I am convinced that the government also plays the market in spite of their claims of illegality etc.

I wouldnt be surprised either if the Campora use the grey market to help fund their activities.

Microcentro:
http://www.cronista.com/finanzasmercados/Arbolitos-desatados-Florida-se-convirtio-en-un-mercado-persa-para-la-compraventa-de-dolares-20140630-0018.html