Market controlled? The government is at it again with the official dollar

[Ema]

Hey, did you guys notice that the official dollar is now the exact same price for buying and selling? 😳, Normally there’s always a difference: when you sell dollars they pay you less, and when you buy, they charge you more. That difference is basically how banks or exchange houses make money.

But now… zero difference! This only happens when the market is totally controlled, basically because the Central Bank is setting the price and that’s it. It’s not that the economy suddenly stabilized magically, it’s just heavy intervention.

Is this a good thing? Mmm, not necessarily. In a free market there’s always a gap between buy and sell. This is more of an “administrative” measure to simplify things or stop certain maneuvers.




What do you think? Does this make you feel confident or is it more like a sign that everything’s being micromanaged?

 

[CecilM]

To me it’s just window dressing… having buy and sell at the same price doesn’t reflect reality. This only happens in heavily intervened markets, and when the pressure gets too high, it blows up somewhere else.

 

[Karol]

It’s mostly a technical move. Maybe it just makes operations easier for banks and the Central Bank itself. Doesn’t necessarily mean the economy is better or worse, it’s just a snapshot in time.

 

[roland]

Yeah, and the official dollar just jumped by $50 in one day to hit $1,380 on Thursday 😬. That’s basically brushing up against the top of the exchange band the government agreed on with the IMF.

If the wholesale dollar breaks that level, the Central Bank will have to step in to contain it. Honestly, it just feels like everything is being pushed to the limit right now.

https://www.infobae.com/economia/2025/07/31/el-techo-de-la-banca-de-flotacion-cual-es-el-precio-que-tiene-que-alcanzar-el-dolar-para-que-el-bcra-deba-vender-divisas/

 

[Traveler]

That $50 jump in the official dollar isn’t just a number on a screen, it’s going to filter through to prices sooner or later. In Argentina, any move in the exchange rate tends to push inflation up because so many goods are tied to the dollar.

If the Central Bank has to keep intervening to hold the line, it might buy time, but it won’t solve the underlying issue. The pressure on prices is only going to grow.

 

[Blockchain]

Yeah, and the official dollar just jumped by $50 in one day to hit $1,380 on Thursday 😬. That’s basically brushing up against the top of the exchange band the government agreed on with the IMF.

If the wholesale dollar breaks that level, the Central Bank will have to step in to contain it. Honestly, it just feels like everything is being pushed to the limit right now.

https://www.infobae.com/economia/2025/07/31/el-techo-de-la-banca-de-flotacion-cual-es-el-precio-que-tiene-que-alcanzar-el-dolar-para-que-el-bcra-deba-vender-divisas/

Argentina's economy seems as phony as a $3 bill. I thought Milei was making progress but it doesn't seem like they are making much headway with the net reserves. Just too much debt to pay off. I read some of BuySellBA's posts on X the past few months and it is all playing out as they said it would.