Today exchange house were quoting 3.94 (sell) for the US Dollar, which is one penny shy of the 3.95 indicated in the Argentina’s 2010 budget
The peso devalued against the US dollar by one cent today, even though it is a bank holiday in the USA (Memorial Day).
In September 2009, when Economic Minister Armando Boudou presented the 2010 budget for Argentina, it was based on an growth of 2.5 percent, inflation of 7 percent, and a US dollar at $3.95.
In spite of the estimates according to the national budget, private research organizations project the dollar to be under $4.50 for 2010
Translated digest of the article "El dólar llegó en Mendoza al máximo previsto por el Gobierno para todo el año" written by Diario Uno.
The original article is available at:
http://www.diariouno.com.ar





















































































