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Weekly Report - 18 September 2014 (WR-14-37)
ARGENTINA: Peso sinking fast
First it was known as the ‘Messi’ dollar. The Argentine footballer’s number 10 shirt became the slang term for the black-market rate for the dollar, as it rose above ten pesos. When it broke the threshold of 14 pesos to the dollar, Argentines joked the currency was now the ‘Dolár Mascherano’. On 17 September, the peso traded at over 15 to the dollar. Now it’s the ‘Dolár Demichelis’.
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