Argentine peso hits record low in black market as economy creaks

Brasil Notícia Notícia

Argentine peso hits record low in black market as economy creaks
Brasil Últimas Notícias,Brasil Manchetes

Argentina's peso currency sank in widely used parallel markets on Thursday, hitting a record low against the U.S. dollar as concerns grew about the Latin American country's economy, with 104% inflation, reserves dwindling and drought hitting exports.

The black market peso , one of several unofficial rates that have flourished as tight capital controls have limited access to official forex markets, weakened almost 4% to 438 per dollar, roughly double the official rate of 218 pesos.

Argentina, the world's top exporter of processed soy and a major supplier of corn, beef and wheat, is battling to keep its economy stable as a historic drought crimps foreign currency income, fans local prices and drains central bank reserves.

 

I guess that Argentinië is happy that the world cup is already finished and done, because it cost a fortune to travel.

13 I can do all things because Christ gives me the strength. Philippians 4

Brasil Últimas Notícias, Brasil Manchetes



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