On Dec. 23, local media informed one of the informal exchange rates of the Argentine peso vs the U.S. dollar, denominated 'blue dollar,' had reached the 340 pesos mark.
of the currency vs the U.S. dollar, denominated “blue dollar,” had reached the 340 pesos mark. This marks a 5-month low after a period in which the peso maintained its value relatively steady.in a period of political instability with the resignation of Finance Minister Martin Guzman. The historical minimum exchange rate is 350 pesos per U.S. dollar, reached in June.
This has spurred a climate of legal uncertainty that, according to some analysts, is affecting the value of the Argentine peso, and will continue to affect it in the future. This decision lifts worries on other flanks too, former Finance secretary Miguel Kiguel explains. He stated:
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