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When you export, you should get 1,500 pesos for every dollar you're paid from abroad [the informal exchange rate is now closer to 1,150], but you only get 950, the rest the state keeps. None of ...
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 ...
One of president Macri's first economic policies was the removal of currency controls, allowing Argentines to freely buy and sell foreign currencies in the market. [4] [5] Another early policy was the removal of export quotas and tariffs on corn and wheat. [6] Import tariffs on soybeans, Argentina's most lucrative export, were reduced from 35 ...
The backdrop is a U.S. dollar and an Argentine 500-peso note joined like a book, a clear allusion to the rapid depreciation of the local currency, the peso. ... Argentines with extra cash buy ...
Economy Minister Luis Caputo said in a televised message the Argentine peso will be devalued by 50% to 800 to the U.S. dollar from 400 pesos to the dollar. “For a few months, ...
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:
A chainsaw-wielding, self-professed “anarcho-capitalist” is now one step closer to overhauling Argentina’s beleagured economy — by throwing out the nation’s peso currency and adopting ...
The Argentine currency weakened 2.11% to 285 per dollar in the parallel black market following the central bank move, which was announced late on Monday. ... are not allowed to buy foreign ...