Posted 10/10/2023, 2:35:00 PM
Argentine Peso Plummets on Black Market as Inflation Soars Ahead of Presidential Election
- Argentine peso hits record low of 1000 per US dollar in black market as presidential election nears
- Inflation remains high in Argentina, reaching 124% in September
- Black market peso rate far below official rate, widening gap to 185%
- High demand for dollars as uncertainty spikes ahead of October 22 general election
- Argentina seeks to escape high inflation as voters head to polls to elect new president
