Argentine Peso – DIGIT INFO

Ethereum’s Buterin Acknowledges Argentine Peso’s Comeback

DIGIT — Fri, 13 Dec 2024 10:30:56 +0000

Ethereum founder Vitalik Buterin has acknowledged the performance of the Argentine fiat currency, the peso. On social media, Buterin stated that the Argentine peso to U.S. dollar exchange rate was exactly the same as it was one year ago. Praising Argentine President Milei’s achievements during his first year in office, Buterin declared: “Quite an impressive […]

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Bitcoin price hits all-time highs across Argentina, Nigeria and Turkey

DIGIT — Fri, 27 Oct 2023 05:01:17 +0000

The new all-time highs come despite Bitcoin still being down over 50% against its price peak of $69,000 against the U.S. dollar.

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Argentinian presidential candidate wants CBDCs to ‘solve’ hyperinflation

DIGIT — Tue, 03 Oct 2023 23:43:45 +0000

Sergio Massa’s stance on central bank digital currencies appears to be in complete opposition to Javier Milei, a pro-Bitcoin candidate who wants to abolish Argentina’s central bank.

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Argentina to Settle Chinese Imports in Yuan to Safeguard Dwindling Dollar Reserves

DIGIT — Sat, 29 Apr 2023 06:19:57 +0000

The economy minister of Argentina, Sergio Massa, announced that starting this month, payments for imports coming from China will be settled using the Chinese yuan. The agreement, which will allow the country to safeguard its dwindling dollar reserves, involves the disbursement of more than $1 billion in April. Argentina to Settle Bilateral Transactions With China […]

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Argentina Debates Dollarization in the Midst of Rampant Devaluation and Inflation

DIGIT — Wed, 26 Apr 2023 10:30:24 +0000

Javier Milei, a presidential candidate for the next election in Argentina, has presented a dollarization plan to fix the economy of the country if elected. The proposal, which has supporters and detractors, would aim to solve the historic devaluation of the Argentine peso and the 100%+ interannual inflation that Argentina registered in March. Dollarization Surges […]

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Like Venezuela, Some Retailers in Argentina Are Now Pricing Items in Dollars

DIGIT — Wed, 08 Mar 2023 12:30:17 +0000

Some retailers in Argentina are already pricing imported items in U.S. dollars, according to reports from local news outlets. The idea behind this would be to keep prices stable and avoid repricing articles each day, a practice that has already been adopted in other Latam countries like Venezuela, which present high levels of inflation. U.S […]

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Argentine Peso Breaks Historic Low Mark as Argentines Hedge Savings in Dollars

DIGIT — Thu, 29 Dec 2022 13:30:44 +0000

The U.S dollar-Argentine peso exchange rate escalated during December, with the Argentine fiat currency reaching new historic lows as citizens ran to exchange their holiday payments for dollars. The U.S. dollar reached a value of 356 pesos on December 28, losing almost 10% during just one week, and threatening to spur a more significant inflationary […]

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Argentine Peso Plunges to a 5 Month Low Amid Legal and Political Woes

DIGIT — Mon, 26 Dec 2022 08:30:10 +0000

The Argentine Peso has experienced a sudden fall vs the U.S. dollar, falling to a 5-month low in its blue rate, one of the many parallel exchange rates of the country. The reasons for this fall, besides the abundance of pesos due to holiday-related payments, and the battle between President Alberto Fernandez and Argentine courts. […]

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Latam Based Crypto Exchange Bitso Launches QR Payment Service for Tourists in Argentina

DIGIT — Sat, 12 Nov 2022 09:30:51 +0000

Bitso, one of the largest cryptocurrency exchanges in Latam, has launched a QR payments program geared towards travelers in Argentina. The service proposal seeks to ease the way in which travelers and tourists make payments in the country, using Bitso’s interoperable QR payment technology to avoid unnecessary and often confusing cash exchange transactions in the […]

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Argentine Inflation Skyrockets to Almost 80% YoY as Crypto Adoption Grows

DIGIT — Mon, 19 Sep 2022 11:30:10 +0000

Argentine inflation numbers were revealed last week, with the interannual Consumer Price Index (CPI) registering record levels reaching 78.5%. This puts the country second only to Venezuela in Latam in terms of high inflation, with prices rising almost 8% during August, hitting the pockets of Argentines. According to a survey by Bitso, this has caused […]

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