In a noteworthy trend, Argentina’s parallel dollar, or “blue dollar,” has been on a decline, with its rate hitting 1,000 pesos per US dollar at major exchange outlets. Since the year’s start, the US dollar has depreciated by about 25 pesos or 2.4% against the backdrop of a 36.6% inflation rate over two months.Analysts link this downward movement of the parallel dollar to the onset of Argentina’s major harvesting season for crops like soy, corn, and wheat.
April 5, 2024
SOURCE: RIO TIMES
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