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davidhowlett | 3 years ago

This might be a wording issue but how can a currency lose more than 100% of its value?

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meerita|3 years ago

They have printed so many argentinian pesos that its value decreased notably. Right now, you need 360 pesos in the black market to acquire 1 dollar. 23 Years ago with 1 pesos you acquired 1 dollar.

kman82|3 years ago

Agreed. I’m confused

randiantech|3 years ago

I think it relates to exchange rates. On 2001 1 US Dollar = 1 Argentinian Peso. On 2023 1 US Dollar = 185 Argentinian Pesos.

In truth, thing is much worst, because you wont get 1 US dollar anywhere (nor banks, financial orgs, or privates will sell it for that price). On the market is close to

1 US Dollar = 360 Argentinian Pesos.