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Black Market Dollar Prices Skyrocketing in Argentina

Argentines are now paying over nine pesos for every dollar on the country’s currency black market. La Nacion reports that rampant peso inflation and tight controls on the US dollar are pushing prices up on the “blue dollar” higher than it’s ever been. In this graph from the story, the red line is the price of the “blue dollar” and the blue line is the price of the official dollar:


Things just keep getting worse for Argentina.

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  • bigfire

    Obama is looking at Argentina and see what we can learn from that country to implement over here. Confiscation of private pension fund is just the start.

  • Luke Lea

    Not good at all. What is it about Argentina? It’s one thing to fall off the track, but to never be able to get back on? Peron?

    • Corlyss Drinkard

      Spanish colony. The made a right mess of everything they touched.

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