Reported 5 months ago
Argentina's black market peso weakened 3.91% against the dollar, reaching a record low of 1,280 per greenback due to rising political tensions, slow grains exports, and the government's decision to cut interest rates. The gap between the official and parallel exchange rates widened to about 44%, impacting by delays in reform plans and the need for a pact with regional governors in Congress for the libertarian President Javier Milei to move forward with his agenda.
Source: YAHOO