The official rate has dropped significantly over the past year, recording a 25.36% depreciation since March 2024. Currency traders note this slide comes despite the central bank‘s efforts to control the devaluation pace. The peso’s struggles reflect persistent macroeconomic imbalances despite recent policy shifts. Argentina’s Economy Ministry eliminated restrictions on displaying prices in US dollars in January, marking a significant step toward a dual-currency system.
March 17, 2025
SOURCE: RIO TIMES
Argentine Peso Extends Losses as Official Rate Hits 1,066 Against Dollar