Argentina's reserves wane as "official" dollar rises

Argentina's reserves wane as “official” dollar rises

Saturday, February 18th 2023 - 10:48 UTC

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In a country where the exchange rate between the local currency and the US dollar varies from one counter to the other and hinges on the type of operation involved beyond the exchange, Argentina's official rate against Friday pierced for the first time the symbolic AR$ 200 / US$ 1 threshold at private banks, closing at AR$ 191.25 (purchase) / AR$ 199.25 (sale) at the Banco Nación. Read full article

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Vladimir
I honestly do not understand why such a rich country is having problems with their currency. Is it rigged with corruption like Ukraine or are there just some families which run the show from behind and have so much power as to ruin this great country financially and keep the most of the population poor. Can anybody explain?
Feb 18th, 2023 - 08:41 pm - Link - Report abuse 0
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