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It is also equal, as of the end of 2024, to 4.5 quadrillion 1914-era pesos with the U.S. dollar as reference – an average annual depreciation relative to the dollar of 28% (i.e. an annual increase of the value of the dollar of 39%). [citation needed] Inflation in Argentina
Bruno Gennari, Argentina expert at fixed income broker dealer KNG Securities, said the peso was trading at $1,009 versus the dollar on crypto exchanges Monday, considerably weaker than the $869 ...
A "corn dollar" for corn exports existed between 25 July and 31 August 2023. [68] On 4 November 2022 a "foreign tourist dollar" rate close to the black market rate (355 pesos to the dollar instead of the official 195 at the end of February 2023) was introduced, for purchases made with foreign payment cards. This was to encourage people to visit ...
Full convertibility with the U.S. dollar became jeopardized upon implementation of exchange rate controls that provided a preferential exchange rate for exports. The currency board was allowed to hold up to one-third of its dollar-denominated reserves in the form of bonds issued by the government of Argentina. It acted as lender of last resort ...
800-290-4726 more ways to reach us. Sign in. Mail. 24/7 Help. ... Milei's free-market shock therapy for Argentina, which has historically been plagued by high inflation, anemic growth, onerous red ...
María Barro, a 65-year-old domestic worker in Buenos Aires, buys a few dollars each month with her peso salary, a hedge against Argentina's persistent inflation now running at over 100% and a ...
Bermuda (Bermudian dollar pegged at 1:1 but the United States dollar is accepted) Cambodia (uses the Cambodian riel for many official transactions but most businesses deal exclusively in dollars for all but the cheapest items. Change is often given in a combination of U.S. dollars and Cambodian riel.
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