News Formal

Argentina vows to battle black market peso slide towards 500 per dollar

  • 📰 Reuters
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

مصر أخبار أخبار

مصر أحدث الأخبار,مصر عناوين

Argentina's Economy Minister Sergio Massa pledged on Tuesday to unleash 'all tools' to counter a dangerous slide in the peso currency, which has plumbed near 500 pesos per dollar in popular black markets amid wider economic fears.

Argentine one hundred peso bills are displayed in this picture illustration taken September 3, 2019. REUTERS/Agustin Marcarian/Illustration

The 7% plunge on Tuesday followed Monday's 4.6% daily decline, already the largest in nine months. The gap between the black and official rates of some 124% is the widest since last July, which warps prices and further fans high inflation.

"I'd be very surprised if this government devalues the official exchange rate before the presidential election, but it's probably one of the first things the next government will do."

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 2. in EG
 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

These S&P 500 sectors are in positive earnings-revision territory, but tech has slipped, says RBCCompany earnings season for the first quarter is 'off to a decent start,' according to RBC Capital Markets.
مصدر: MarketWatch - 🏆 3. / 97 اقرأ أكثر »