Forex
Argentine peso opens down over 50% vs dollar following devaluation
© Reuters. FILE PHOTO: A one hundred Argentine peso bill sits on top of several one hundred U.S. dollar bills in this illustration picture taken October 17, 2022. REUTERS/Agustin Marcarian/Illustration/File Photo
BUENOS AIRES (Reuters) – Argentina’s peso opened down 54.24% at 801 per dollar on Wednesday, following a devaluation of the currency carried out by the country’s new government as part of its economic shock therapy aimed at fixing the economy.
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