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Juan Pablo Albornoz

Central Bank of Argentina to Issue New 2,000 Peso Bill as Inflation Keeps Rising

Central Bank of Argentina to Issue New 2,000 Peso Bill as Inflation Keeps RisingThe Central Bank of Argentina has announced the issuance of a new 2,000 peso bill, aimed at easing the burden of using cash for payments in the country. The bill, which will have a value of a little more than $5 ‘blue’ dollars (the informal exchange rate), is already being criticized as an insufficient measure. […]

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Argentine Peso Breaks Historic Low Mark as Argentines Hedge Savings in Dollars

Argentine Peso Breaks Historic Low Mark as Argentines Hedge Savings in DollarsThe U.S dollar-Argentine peso exchange rate escalated during December, with the Argentine fiat currency reaching new historic lows as citizens ran to exchange their holiday payments for dollars. The U.S. dollar reached a value of 356 pesos on December 28, losing almost 10% during just one week, and threatening to spur a more significant inflationary […]

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