Tension is rising in the FX market: the blue-chip rose to AR$ 5.16

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Tension is rising in the FX market: the blue-chip rose to AR$ 5.16

Fourth week
March 2012

Tension has been high in the FX market since the Government announced its intention to change the Central Bank Charter on March 1st.

The parallel dollar rose 20 cents in the last 3 weeks –a 4.0% devaluation –, from AR$ 4.70 to AR$ 4.90.