Financial dollars extend downward trend, and the CCL (Contado con Liquidación) is now more expensive than the ‘blue’ dollar.

The Contado con Liquidación (CCL) and MEP dollars continue their downward trend on Thursday, February 22, after the Minister of Economy, Luis Caputo, met with the Deputy Managing Director of the International Monetary Fund (IMF), Gita Gopinath, to analyze the progress of the program agreed upon in January.

In Argentina, the presence of multiple exchange rates is primarily a consequence of government policies aimed at controlling currency flows and managing the country’s economic challenges. The official exchange rate, set by the government, is typically lower than the market demand for dollars.

This official rate is subject to government intervention and is often used for specific transactions such as imports, exports, and government operations.

However, restrictions on access to foreign currency and capital controls have led to the emergence of informal markets where individuals and businesses can buy and sell dollars at higher rates, known as the “blue dollar” rate.