“The blue dollar jumped past the key psychological barrier of 10 Pesos on Tuesday in thin t rade, reflecting persistent demand for greenbacks amid tough currency controls. Meanwhile, the official rate remained unchanged at exchange offices in Buenos Aires at Pesos 5.16 (buying price) and Pesos 5.22 (selling price), with the gap between the two markets over 100%. In a context of high inflation, negative interest rates or other options to defend the value of the Argentine currency, Argentines are increasingly taking refuge in the US dollar. To this must be added an overall feeling of distrust and uncertainty which can have a greater impact that what stats can present.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Federal court rules Facebook ‘Likes’ are protected by First Amendment
Bitcoins made simple: Go to an ATM
Restaurants attacked for surcharges prompted by minimum wage hike
5th Cincinnati IRS worker allegedly connected to scandal
The most expensive home styles in America
Bitcoin moves beyond mere money
That dog may cost you $100,000 a day
United States and allies build case for military action in Syria
10-Year Veteran TSA Screener Busted for Stealing iPads at JFK
Romney Fears Ron Paul Forces at GOP Convention; Wants to be Nominated Early
NSA Efforts Damaged U.S. Cryptography Standard
Teenaged entrepreneur denounces business-limiting French laws in Quebec
France 'totally bankrupt', says labour minister Michel Sapin
Ex-U.S. officials hail Japan's decision on collective self-defense
China plans to allow yuan trade settlement for individuals this year