Search results
Results from the WOW.Com Content Network
As you might have heard, Argentina is facing strong pressure on its currency, which dropped about 12% last week. The country's central bank has been intervening in its currency markets since 2011 ...
In 1992 a new peso (ISO 4217: ARS) was introduced, referred to as peso convertible since the international exchange rate was fixed by the Central Bank at 1 peso to 1 U.S. dollar, and for every peso convertible circulating, there was a US dollar in the Central Bank's foreign currency reserves. It replaced the austral at a rate of 1 peso = 10,000 ...
Artist Sergio Díaz and other Argentine artists' Money Art movement uses moderately priced brushes and acrylics to paint banknotes of 10, 20, 100, or 1,000 pesos and then share their work on ...
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:
In a fixed exchange rate system, a country's central bank typically uses an open market mechanism and is committed at all times to buy and sell its currency at a fixed price in order to maintain its pegged ratio and, hence, the stable value of its currency in relation to the reference to which it is pegged. To maintain a desired exchange rate ...
Argentina's central bank has tightened access to the foreign exchange market by soybean exporters as it decided they are no longer allowed to trade on alternative markets, hitting the local peso ...
Still, the level of bank utilization in Argentina remained relatively low, and bank intermediation represented only about 30% of the GDP — a much lower ratio than those of Chile, Mexico, or Brazil, for example. Nevertheless, the banking system suffered a fatal flaw: it lent dollars and took deposits in Argentine pesos (nominally argendollars).
Buenos Aires Stock Exchange; Bolsa de Comercio de Buenos Aires: Type: Stock Exchange: Location: Buenos Aires, Argentina: Coordinates: 1]: Founded: 1854 [2]: Key people: Adelmo J.J. Gabbi, President [3]: Currency: Argentine Peso: Market cap: USD $140.0 Billion (2018): Indices: MERVAL: Website: labolsa.com.ar: The Buenos Aires Stock Exchange (BCBA; Spanish: Bolsa de Comercio de Buenos Aires) is ...