The jump of Dolar blue This Friday was one of the first signs of repercussions from the decision by the Government of Alberto Fernández not to comply with the Supreme Court ruling in favor of the City of Buenos Aires regarding the joint funds. The ticket in the illegal market affects a jump of 7 pesos, from the $330 it closed at on Thursday, to $337.

Blue is one weight away from the $338 it hit on July 22, amidst the turmoil of the last days of the administration of Silvina Batakis and before the hiring of Sergio Massa, on 28 July.

The parallel dollar was surging due to seasonal factors and now the politicians have joined in. At this time of year the employees who collect the bonuses are turning to the account and there is more demand due to the proximity of the summer holidays because the blue is cheaper than the so-called “Qatar dollar”, which is $362.

Alternative dollars are also advancing: the MEP rises by 1.8% to 330.06 dollars and cash with settlement goes to 336.89 dollars, 1% more than the previous day.

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