![]() What's more, a more favorable exchange rate attracts American tourists, who bring their U.S. dollars, meaning that, in simple terms, the government needs a constant flow of dollars to be able to pay its debt, de Bolle said. A big chunk of Argentina's national debt is denominated in U.S. While these cuevas (the private exchange houses) are technically illegal, the government largely seems to turn a blind eye. "I think the fact that there's more than one exchange rate is the symptom of this monetary mayhem." ![]() "Every day, every week, every month, the peso will buy you less and less," Petersen said. dollars relative to the official exchange is the rough equivalent of a year's worth of recent inflation, Petersen said - almost a no-brainer for any local intent on saving for the longer term. The black market rate reflects the value residents place on stability. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower ![]() Best Debt Consolidation Loans for Bad Credit
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |