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USD to Argentine peso exchange rates, 1976–1991 USD to Argentine peso exchange rate, 1991–2022. The following table contains the monthly historical exchange rate of the different currencies of Argentina, expressed in Argentine currency units per United States dollar. [citation needed] The exchange rate at the end of each month is expressed in:
Currency substitution is the use of a foreign currency in parallel to or instead of a domestic currency. [1]Currency substitution can be full or partial. Full currency substitution can occur after a major economic crisis, such as in Ecuador, El Salvador, and Zimbabwe.
The Convertibility plan was a plan by the Argentine Currency Board that pegged the Argentine peso to the U.S. dollar between 1991 and 2002 in an attempt to eliminate hyperinflation and stimulate economic growth. [1] While it initially met with considerable success, the board's actions ultimately failed. The peso was only pegged to the dollar ...
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 ...
The resulting export boom produced a massive inflow of dollars into the Argentine economy, which helped lower their price. For a time the administration stated and maintained a strategy of keeping the exchange rate at between 2.90 and 3.10 pesos per US dollar, in order to maintain the competitiveness of exports and encourage the replacement of ...
La Rioja made its own currency to boost the local economy after the national government cut cash transfers to provinces amid sky-high inflation.
With this inflation in mind, Javier Milei (Argentina's newly sworn in president as of 10 December 2023, with 55.69% of the vote in the runoff election [35]) weakened the Argentine Peso by 50% to 800 per dollar in order to bring the official exchange rate (which was only used in theory) down to the market exchange range, [36] along with cuts to ...
Argentina is Canada's 53rd-largest export destination globally. In March 2018, Mercosur trade bloc ministers (which includes Argentina) agreed to launch formal negotiations toward a comprehensive Canada-Mercosur free trade agreement (FTA). [7] Canadian multinational gold mining company, Barrick Gold, operates in Argentina. Embassy of Canada in ...
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