The euro quotes this Monday, December 25 at $886.27 for purchase and $886.70 for sale, so it remains stable compared to the last quote. As for the currency in the parallel market, the blue euro today is quoted at 1,041.67 for purchase and 1,096.79 for sale. In this way, its price rises compared to the last reported one. With these values, the gap between the blue euro and the official euro is 18%. The value of the blue euro has a substantially greater difference with the official euro since the latter is the one purchased in banks and has an established price.
Why is it called blue euro? Like the blue dollar Honduras Phone Number List the blue euro 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”. In this way, the currency exchange is recognized outside the exchange system. The term blue euro began to be used in the restrictions on the acquisition of foreign currency that the Federal Administration of Public Revenues (AFIP) and the Central Bank of the Argentine Republic began to apply during the government of Cristina Fernández de Kirchner.
They are limitations They gained new momentum in December after President Alberto Fernández's announcements about the Economic Emergency Law and which deepened through o with exchange restrictions. This causes sectors that travel abroad to choose to purchase euros on the black market , thus generating an increase in the price of the blue euro. Video The name of the parallel euro Origin of the euro The euro was launched on January when 10 countries fixed their exchange rates and handed over interest rate decisions to the newly created European Central Bank. Euro banknotes and coins entered circulation three years later.