MercoPress3y
In three decades the Argentine Peso equivalent to one dollar, is now worth less than 5 US cents
On the practical side this has meant that the Argentine central bank has had to issue 500 Pesos bills and later in 2017, a thousand Pesos bills. In 2017 a 1,000 Peso bill could be exchanged for US ...
MercoPress13y
Argentine central bank purchases 500m dollars to stop appreciation of the Peso
The Argentine Central bank has purchased so far this week 500 million US dollars to ensure ... keep the US dollar ‘flat’ at 4.10 and 4.15 Pesos, sale and purchase, while the local currency ...