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Argentina's currency board established a fixed pegging of one-to-one parity between the peso and the U.S. dollar. It also guaranteed full convertibility of pesos into U.S. dollars. The government hoped to establish local and international credibility in the peg and to limit the amount of local control over monetary and fiscal policy.
Official USD (blue) and black market USD (orange) from January 2011 to January 2016. [1] The first restrictions were imposed on October 31, 2011. The Tax and Customs Authority, AFIP, required that individuals and businesses who sought to buy dollars request permission, which may depend of the financial status of the buyer. However, the ...
The local currencies of Bermuda and the Bahamas can be freely exchanged at a 1:1 ratio for USD. Argentina used a fixed 1:1 exchange rate between the Argentine peso and the U.S. dollar from 1991 until 2002. The currencies of Barbados and Belize are similarly convertible at an approximate 2:1 ratio.
Argentina Laos Mauritania Mozambique Switzerland Solomon Islands South Sudan Tunisia Zambia ; Pegged exchange rate within horizontal bands (1) Morocco ; Other managed arrangement (12) Kuwait Syria Liberia Myanmar Sierra Leone Zimbabwe Kenya
Visa requirements for holders of normal passports not travelling as journalists: Argentina is a full member of Mercosur.As such, its citizens enjoy unlimited access to any of the other full members (Brazil, Paraguay, Uruguay) and associated members (Bolivia, Chile, Peru, Colombia, Ecuador) with the right to residence and work, with no requirement other than nationality.
USD/Argentine Peso exchange rate On 12 December 2023, following the election of president Javier Milei , economy minister Luis Caputo changed the official exchange rate to 800 pesos to the U.S. dollar from the previous 366.5, a devaluation of 54%, to be followed by a monthly devaluation target of 2% [ 7 ] (about 27% per year).
Argentine peso Argentina $ Centavo [22] [23] Bahamian dollar The Bahamas $ Cent [24] Barbadian dollar (also called Bajan dollar) Barbados $ Cent [25] [26] Bermudian dollar Bermuda (United Kingdom) $ Cent [27] Belize dollar Belize $ Cent [28] [29] Bolivian boliviano Bolivia: Bs Centavo [30] [31] Brazilian real Brazil: R$ Centavo, [32] [33] [34 ...
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.