VOICED : Peso argentino cae en el mercado paralelo, donde el dólar bate récord

VOICED : Peso argentino cae en el mercado paralelo, donde el dólar bate récord

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Interactive Video

Business, Social Studies, Economics

10th - 12th Grade

Hard

Created by

Wayground Content

FREE Resource

The Argentine peso has experienced a significant decline in the parallel market, reaching a historic high of 213 units per dollar, creating a 95% gap with the official exchange rate. The official market saw a 16.7% depreciation in 2021, while inflation hit 50.9%. Argentina has maintained currency controls since 2019, limiting dollar purchases. The government is negotiating with the IMF for a new program to replace the 2018 standby agreement, with a debt of $44 billion.

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