# Blue and MEP dollars fall below AR$1,000 - Buenos Aires Herald

> Argentina's blue dollar fell to AR$985 on March 7, its lowest nominal level since the December devaluation, while the MEP rate closed at AR$996. Dollar holders are selling to cover living costs amid inflation above 250% year on year. The gap between parallel and official rates has narrowed.

- Date: 2024-03-08 · published 2024-03-08T12:00:00.000Z
- Category: market · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/31491-blue-and-mep-dollars-fall-below-ar-1-000-buenos-aires-herald
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

A stronger peso lowers the dollar value of Argentine farm output, which can encourage faster sales of soybeans and corn and add modest pressure on export prices.

## Read by commodity

- USDARS: bearish ▼

## Sources

- buenosairesherald.com: https://buenosairesherald.com/economics/blue-and-mep-dollars-fall-below-ar1000

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.