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...board system, which fixed the peso to the dollar at a one-to-one...followed by the devaluation of the peso in the next few days. But an...to make last minute swaps of pesos for dollars at the old rate...40 percent devaluation of the peso. In the streets, diabetics...
BUENOS AIRES, Argentina (AP) -- President Eduardo Duhalde signaled in a speech Friday his government would devalue the peso, saying it was "a given" that the currency will be cut free from its peg to the U.S. dollar. Duhalde's economy minister...
...unload their devalued pesos, waited in lines that stretched for blocks as the peso dropped as low as 2...a fistful of worthless pesos." President Eduardo...last month abandoned the peso's decade-long one-to-one...exchange rate of 1.4 pesos per dollar for some transactions...
...free-market policies that he said had left Argentina "without a peso." Thousands of protesters banged pots in the streets early...kick-start the stalled economy with an extra currency alongside the peso and the U.S. dollar, both widely used here. A veteran of...
...scheme called the black market peso exchange to launder drug money...Customs said. The black market peso exchange, which involves purchases...government officials said. Colombian peso brokers, who act as middlemen...importers IOUs in exchange for pesos. The pesos are used to buy...
...1990s, the U.S. economy and many of its investors were on the receiving end of a spectacular wealth transfer. The Mexican peso's collapse, the Asian financial crisis, the plunge in oil prices, the Russian debt default and other global shocks were...
...Eduardo Duhalde on Friday unveiled a sweeping plan to scale back political spending, and the government also pledged to free the peso from its fixed rate against the U.S. dollar on Monday. The IMF has sought both steps, and further reforms, from Argentina...
...The annual cost to the nation of those illicit payments: $2.5 billion. The average shakedown in Mexico cost 109.50 pesos, or $12, the study says. Federico Reyes Heroles, an academic and writer who heads Transparency Mexico, which commissioned...
...Once the Gillmans arrive in Old Keno Bay, they get all the donations ready for a rummage sale. They sell the items for a few pesos each. The money benefited the church for construction and the Mexicans received household goods and clothes. "We have so...