Tag: blue dollar

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Argentine Peso Loses Almost 12% Against the Greenback During January; Inflation Projected to Rise Sharply

January 30, 2023

The Argentine peso has fallen consistently against the U.S. dollar this month, losing almost 12% since Jan. 1. The behavior of the exchange rate for the informal “blue” dollar keeps bringing concerns about a possible escalade in inflation rates, that are predicted to reach almost 100% this year, similar to the rates registered in 2022.…
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Central Bank of Argentina Bans Private Banks From Offering Cryptocurrency Services

May 7, 2022

The Central Bank of Argentina has taken steps to ban private banks from offering cryptocurrency services to customers in the country. The action comes after two banks had started offering cryptocurrency purchasing services from their apps. The measure is said to be directed at mitigating risks associated with cryptocurrency assets. Central Bank of Argentina…
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