Surge in Argentina’s Unofficial Dollar: Politics or Panic?

The unofficial dollar rate in Argentina recently surged, crossing 1,000 Argentine pesos. Many attribute this to comments from presidential candidate Javier Milei. He advised people to avoid saving in pesos. Consequently, many Argentineans are exchanging their pesos for dollars. In October alone, the unofficial dollar rate spiked by 30%. This has widened the gap with […]

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