Argentine Peso

Argentine Peso

Postby winston » Tue Dec 13, 2016 2:11 pm

Argentine peso hits all-time low 16.1 per U.S. dollar

BUENOS AIRES, Dec 12 (Reuters) - Argentina's peso currency weakened 0.62 percent to an all-time low of 16.1 per U.S. dollar on Monday as residents of the South American country sought dollars ahead of year-end holiday vacations, local foreign exchange brokers said.

President Mauricio Macri took office a year ago after winning office on a free-markets platform. He allowed the peso to float on the foreign exchange market, scrapping years of currency and trade controls that had scared off investors.

Macri promised a wave of foreign direct investment would enter Argentina during 2016. But it remains low with the economy stuck in a recession and household purchasing power slammed by annual inflation expected by economists to end the year at 40 percent.

Source: Reuters
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Currency - General News

Postby behappyalways » Sat Dec 23, 2023 2:50 pm

"There Is No More Money": Milei Announces 54% Devaluation Of Argentina Peso As "Shock Therapy" Plan Begins
https://www.zerohedge.com/markets/there ... lan-begins
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Currency - General News

Postby behappyalways » Tue Jan 09, 2024 5:11 pm

The Argentine Peso Was NOT The Most-Devalued Currency Of 2023
https://www.zerohedge.com/markets/argen ... rency-2023
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