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BUENOS AIRES/LONDON (Reuters) -Argentina's government devalued its currency by nearly 18% on Monday while the benchmark interest rate was raised by 21 percentage points to 118%, the central bank ...
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 ...
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De Facto Classification of Exchange Rate Arrangements, as of April 30, 2021, and Monetary Policy Frameworks [2] Exchange rate arrangement (Number of countries) Exchange rate anchor Monetary aggregate target (25) Inflation Targeting framework (45) Others (43) US Dollar (37) Euro (28) Composite (8) Other (9) No separate legal tender (16) Ecuador ...
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:
Afterwards, it went from a 3:1 exchange rate with the US dollar in 2003 to 178:1 in early 2023. On 14 August 2023, the official exchange rate was fixed at ARS$350 to one US dollar; the unregulated rate valued the peso at ARS$665 to one US dollar. [5] On 15 November 2023, the crawling peg was restored. [6] USD/Argentine Peso exchange rate
Because Argentina’s inflation rate is so high – just this week new data revealed prices had risen 142% from 2023 – the proposal has attracted interest from foreign institutions as well.
All those factors led to a dramatic increase in the price of the US dollar in Argentina. The Central Bank increased the interest rate again, to 60%, but could not keep up. [15] Macri announced on 8 May 2018 that Argentina would seek a loan from the International Monetary Fund (IMF).