RIO DE JANEIRO, BRAZIL - After severe measures by the Argentine government that decreed control of the exchange rate on Sunday, September 1st, the dollar fell 5.8 percent on Monday, September 2nd. It was the first devaluation of the currency since mid-August and before the declaration of the partial moratorium.
The official price of the dollar closed on Tuesday, September 3rd at 54.99 pesos. The parallel rate (called blue) that . . .