Cryptocurrency Q&A
What happened to the peso exchange rate in 2023?
What happened to the peso exchange rate in 2023?
Martina
Sun Nov 24 2024
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6 answers
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I want to know about the changes or events that occurred to the peso exchange rate specifically in the year 2023.
6 answers
MysticChaser
Mon Nov 25 2024
On December 12th, 2023, the political landscape of the country underwent a significant transformation with the election of Javier Milei as president.
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Paolo
Mon Nov 25 2024
The move was aimed at addressing economic imbalances and realigning the currency with market realities.
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Lorenzo
Mon Nov 25 2024
The newly elected president's economic policies quickly came into focus as his appointee for the economy minister, Luis Caputo, announced a drastic change to the official exchange rate.
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lucas_taylor_teacher
Mon Nov 25 2024
Additionally, Caputo announced that a monthly devaluation target of 2% would be implemented following the initial adjustment.
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charlotte_bailey_doctor
Mon Nov 25 2024
Caputo decided to revise the exchange rate from the previous figure of 366.5 pesos to the U.S. dollar to a new rate of 800 pesos per dollar.
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