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Markets: 112748
Market Cap: $2,211,021,919,992     
24h Vol: $70,648,309,957
Bitcoin.com 2023-01-30 09:30:22

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

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