Bloomberg
Nobody Wants Pesos: Argentine Currency Meltdown Upends Business
(Bloomberg) — Argentina’s battle to control its currency is upending South America’s second-largest economy, wreaking havoc on everything from household finances to the production and sale of common goods.Measures including taxes on greenback purchases and demands that some companies restructure their dollar-denominated debts have misfired, propelling the gap between the official and the black market exchange rates…
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