VOICED : Peso argentino se deprecia 1,44% y cierra a 20,20 por dolar
Interactive Video
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Business, Social Studies, Other
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9th - 12th Grade
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Hard
Wayground Content
FREE Resource
The Argentine peso surpassed 20 units per dollar, depreciating by 1.44% in a single day. Inflation in Argentina is high, and salaries are not keeping pace, leading to economic challenges. The government, led by Mauricio Macri, increased the inflation target for 2018 from 10% to 15%. Analysts link the peso's movement to international market events, including a significant drop in Wall Street indices, which strengthened the dollar. Throughout 2018, the peso has depreciated by 7.28%, with a 12.9% loss since December 1.
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