Browsing Tag

parity with the dollar

Argentina faces inflation with a new 2,000-peso bill

Argentina will put into circulation in the middle of this year the new 2,000-peso bill, which will become the highest denomination. The purpose is to face the high inflation that overwhelms the nation. In December 2022, Argentina closed the period with 92 % inflation, one of the highest for the…

The bolivar has suffered a devaluation of 44 %

Taking as a reference the value of the dollar for mid-September, located at 8.02 bolívares, a devaluation of the Venezuelan currency is estimated at 40 %. The US currency, on the other hand, has shot up in the market, leading to a 3 %…