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Blue dollar today: how much is it trading this Wednesday, July 1

He blue dollar quote this Wednesday, July 1 at $ 116 for the purchase and $ 126 for the sale. The gap between blue and the official dollar it is 67%.

In this way, the blue dollar remains stable with respect to the last price.

He dollar value blue it has a substantial difference with the official dollar, which is purchased from banks and has an established price.

How was the price of the blue dollar and its evolution in July 2020

Blue dollar quote

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Infographic: Clarion


Why is it called blue dollar?

The blue dollar It is the one that circulates on the black market and usually has a higher value than the official one. An explanation of its name indicates that it is called that because in English, “blue”, in addition to naming the color blue, refers to something “dark”.

Another theory relates it to the purchase operations through bonds or stocks of companies known as “blue chips”. They also link it to the approximate color that appears when a fibron is applied to detect counterfeit bills.

Origin of the blue dollar

The blue dollar concept began to be used in Argentina from 2011, as a consequence of the restrictions for the acquisition of foreign currency that the Federal Administration of Public Revenue (AFIP) and the Central Bank of the Argentine Republic began to apply under the government of Cristina Fernández de Kirchner.

These limitations They gained new momentum in December 2019, following the announcements by President Alberto Fernández about the Economic Emergency Law. There, the implementation of the tourist dollar and the 30% tax on the purchase of dollars for savings and tourism were promoted. It entered into force on Monday, December 23, when it was announced in the Official Gazette.

This generates that sectors that travel abroad choose to buy dollars in the black market, thus generating an increase in the price of the blue dollar.

It should also be noted that the exchange rate continues and that, therefore, the purchase of the official dollar continues limited by the Central Bank just $ 200 per month if it is done by online transaction or $ 100 if done through the window.

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