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

argentine peso us dollar devaluation inflationThe 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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