Argentina’s official exchange rate has reached a new high, with some banks selling US dollars for over 1500 Argentine pesos. The retail exchange rate increased by five pesos, averaging 1495 pesos per dollar nationally. While the average rate is 1495, several financial institutions are now exceeding the 1500 peso mark for dollar transactions. This represents a significant depreciation of the Argentine peso. The increase reflects ongoing economic pressures and a widening gap between the official and unofficial exchange rates. Analysts are monitoring the situation closely for potential impacts on inflation and imports. The government has not yet commented on the latest developments in the currency market.