The Cuban Dual Currency System and Its Likely Imminent Demise
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By Abby Neiser
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The return of U.S Tariffs on Brazil and Argentina
December 20, 2019
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On Monday, December 2, President Donald Trump announced restore trade policies against Brazil and Argentina due to the massive devaluation of their currencies (Brazilian real and Argentine peso). Specifically, Pres.
Argentina’s Macri struggles to establish austerity measures in the face of economic collapse
September 24, 2018
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As the value of its currency continues to fall and its economy edges nearer to collapse, Argentina’s government is scrambling to establish new measures to protect its currency and to save the country from a long-term recession. The government recently proposed a new plan for the 2019 budget which now includes various initiatives to cut government spending.
Argentine Peso Drastically Devalued
October 20, 2016
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This past week the Argentine peso fell 11% below the American dollar, the steepest daily fall it has suffered in the past 12 years. The official exchange rate has reached almost 8 pesos to 1 US dollar. Since the economic crisis that hit the nation in 2001, many Argentines have shown little faith in their own economy. Instead, they purchase foreign currency to save rather than saving their constantly depreciating pesos.
