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The six risks of the peso’s exchange rate gap

By Maximiliano Montenegro

By | [email protected] | June 9, 2020 11:00am

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The restrictions on currency exchange in Argentina have led to the appearance of parallel grey and black currency markets, in which purchasing a US dollar can cost twice as many pesos when compared to the official market. This growing gap between exchange rates creates many short-term risks for the Argentine economy, so let’s dive into them and see some of the concrete issues that the country is facing.