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Argentine Peso Loses Almost 12% Against the Greenback During January; Inflation Projected to Rise Sharply

Bitcoin News LogoBitcoin News2 mo ago

Argentine Peso Loses Almost 12% Against the Greenback During January; Inflation Projected to Rise Sharply - Bitcoin News

Quick Summary:

The Argentine peso has fallen consistently against the U.S.dollar this month, losing almost 12% since Jan.1.

The behavior of the exchange rate for the informal “blue” dollar keeps bringing concerns about a possible escalade in inflation rates, that are predicted to reach almost 100% this year, similar to the rates registered in 2022.

Private analysts expect Argentine inflation to reach over 95% this year.


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Argentine Peso Loses Almost 12% Against the Greenback During January; Inflation Projected to Rise Sharply - Bitcoin News (Picture 1)

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Article Details

Author / Journalist: Sergio Goschenko

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2023-01-30 @ 09:30:22 (2 months ago)

News Timezone: GMT +8:00

News Source URL: news.bitcoin.com

Language: English

Article Length: 444 words

Reading Time: 3 minutes read

Sentences: 30 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoin News

News ID: 4965324

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About Bitcoin News

Bitcoin News Logo

Main Topics: Crypto

Official Website: news.bitcoin.com

Update Frequency: 8 posts per day

Year Established: 2008

Headquarters: Japan

News Last Updated: 9 hours ago

Coverage Areas: Japan

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #62

Publisher Details

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The story "Argentine Peso Loses Almost 12% Against the Greenback During January; Inflation Projected to Rise Sharply" has 444 words across 30 sentences, which will take approximately 2 - 4 minutes for the average person to read.

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The story "Argentine Peso Loses Almost 12% Against the Greenback During January; Inflation Projected to Rise Sharply" was covered 2 months ago by Bitcoin News, a news publisher based in Japan.

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Bitcoin News is a fully independent (privately-owned) news outlet established in 2008 that covers mostly crypto news.

The outlet is headquartered in Japan and publishes an average of 8 news stories per day.

It's most recent story was published 9 hours ago.

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  • News ID: #4965324
  • URL: https://beamstart.com/news/argentine-peso-loses-almost-12-16750712114189

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