Five Signs That Argentines Are Losing Their Faith in the Peso
- Official dollar purchases rose to highest in 8 months in June
- Demand for cash, forwards and stock depositories all rising
Photographer: Diego Giudice/Bloomberg
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No matter how hard the government makes it and no matter how much incomes decline, by hook or by crook, Argentines keep buying more dollars.
Greenback purchases measured by the central bank rose for a third month in June, reaching the highest since October. Far more people are buying on the black market.