There are more than a dozen different peso-dollar exchange rates that are meant to stem outflows of the greenback.
It's the result of the government's capital restrictions on dollar outflows.Argentina's presidential race, which features a candidate who wants to ditch the peso for the US dollar, has highlighted the country's byzantine currency system.
As there are no limits on blue dollar purchases, Argentines are more willing to purchase them at a premium, especially as they show ain daily transactions. So while the official peso rate stood at just under 350-per-dollar on Friday, the blue dollar rate was 715. Then there's the "Coldplay dollar" — a recent addition for concert-going fans who are spending money abroad.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why Is the Canadian Dollar Weaker Than Other Major Currencies? USD/CAD Forecast(Kitco commentary) - The Canadian dollar stands as one of the world's major currencies that have experienced growth relative to the US dollar this year.
Read more »
Multiple people killed in Jacksonville store shooting, mayor saysJACKSONVILLE, Fla. (AP) — Multiple people were fatally shot Saturday inside a Jacksonville, Florida, Dollar General store, the city's mayor has told a television station.
Read more »
Four people dead in Dollar General shooting in JacksonvilleBy Jasper Ward (Reuters) - A shooting at a Dollar General store in Jacksonville, Florida, left four people dead on Saturday, Fox News reported. The ...
Read more »
A shooting in Jacksonville, Florida, that left 3 dead was racially motivated, sheriff saysJACKSONVILLE, Fla. (AP) — The Jacksonville, Florida, sheriff says that a racially motivated shooter fatally shot three people inside a Dollar General Store on Saturday before killing himself.
Read more »
A shooting in Jacksonville, Florida, that left 3 dead was racially motivated, sheriff saysJACKSONVILLE, Fla. (AP) — The Jacksonville, Florida, sheriff says that a racially motivated shooter fatally shot three people inside a Dollar General Store on Saturday before killing himself.
Read more »
Gunman kills three, himself in racially motivated shootingBy Jasper Ward (Reuters) - A man armed with a high-powered rifle and handgun killed three people at a Dollar General store in Jacksonville, Florida, on ...
Read more »