Armstrong Economics
The
Argentine Government has made it its policy to overvalue the
Argentinean Peso (to hide the fact that people are buying dollars and
smuggling them out of the country in any way they can as a result of the
brain-dead policies they’ve been pursuing for about a decade now). Of
course this has led to a “black market” rising where the USD is indeed
much higher than the “official rate”. The free market USD is often
referred to as Blue Dollar, and is about 60-70% higher than the
Government-suppressed “market”.Continue Reading at ArmstrongEconomics.com…
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